General Announcement::Purchase of certain DBS Bank subordinated notes and issuance of senior notes by DBSH

Issuer & Securities

Announcement Title: General Announcement
Date &Time of Broadcast: 04-Jan-2016 18:38:58
Status: New
Announcement Sub Title: Purchase of certain DBS Bank subordinated notes and issuance of senior notes by DBSH
Announcement Reference: SG160104OTHR2S22
Submitted By (Co./ Ind. Name): GOH PENG FONG
Designation: COMPANY SECRETARY
Description (Please provide a detailed description of the event in the box below): DBSH wishes to announce that, pursuant to a reverse enquiry from an investor, it has today agreed to purchase the following existing notes issued by DBS Bank Ltd that are presently being held by the investor:

(i) S$134,250,000 in aggregate principal amount of the 3.30% subordinated notes due 2022 callable in 2017 (ISIN: SG6T16978999) at a purchase price of 101.00%; and

(ii) S$491,750,000 in aggregate principal amount of the 3.10% subordinated notes due 2023 callable in 2018 (ISIN: SG6W11984344) at a purchase price of 100.90%.

DBSH has also agreed to issue S$480,000,000 2.78% senior notes due 2021 (the "New Notes") to the investor. The New Notes will be issued pursuant to the US$30,000,000,000 Global Medium Term Note Programme of DBS Bank Ltd. and DBSH.

It is expected that both transactions will be completed on 11 January 2016.

Please refer to the attached announcement for more details.

Total size =44K