Clifford Chance

Clifford Chance advises on DBS Group Holdings' offer of US$750 million Additional Tier 1 Capital Securities

Leading international law firm Clifford Chance advised DBS Bank Ltd., Citigroup Global Markets Singapore Pte. Ltd., Deutsche Bank AG, Singapore Branch, The Hongkong and Shanghai Banking Corporation Limited and Société Générale as joint bookrunners on DBS Group Holdings Ltd.'s first US denominated Basel III compliant Additional Tier 1 perpetual capital securities issuance. The offer was for US$750 million.

Partners Matt Fairclough and Johannes Juette led on the deal. They were assisted by senior associate Michael Weaver and associate Kenneth Teo.

Commenting on the transaction, Johannes said, "We are delighted to have worked with the teams to bring this successful transaction to the market for DBS. The deal marks a continuation of our collaboration with DBS and another in a line of bank capital advisory mandates for Clifford Chance in the Asia Pacific region."