- Narrative Type
| - Narrative Text
|
| Offeror | DBS Bank Ltd. |
| Additional Text | DBS Bank Ltd. launches an offer to purchase for cash (Tender Offer) for up to US$550,000,000 aggregate principal amount of its US$900,000,000 Floating Rate Subordinated Notes due 2021 Callable with Step-up in 2016 (ISIN: USY2023JAV27 and US233048AC15) (Notes). |
| Additional Text | The Tender Offer Consideration is US$980 per US$1,000 principal amount of Notes validly tendered pursuant to the Tender Offer and accepted for purchase (subject to proration, if any). |
| Additional Text | Holders of Notes validly tendered pursuant to the Tender Offer on or prior to the Early Tender Deadline (as defined in the attached announcement) and whose Notes are accepted for purchase (subject to proration, if any) will receive an additional cash payment of US$20 per US$1,000 principal amount of such Notes. |
| Additional Text | Please refer to the attached announcement for more information. |
| Additional Text | DBS Bank wishes to announce that as at 5 pm (New York City time) on 10 December 2014 (Early Tender Deadline), US$690,471,000 in aggregate principal amount of the Notes has been validly tendered pursuant to the Tender Offer. Please refer to attached announcement released on 11 December 2014 for more information. |
| Additional Text | DBS Bank wishes to announce that as at 5pm (New York City time) on 2 January 2015, US$690,471,000 in aggregate principal amount of the Notes has been validly tendered pursuant to the Tender Offer. As the Tender Offer is oversubscribed, proration will apply. Please refer to the attached announcement released on 5 January 2015 for more information. |
| Additional Text | DBS Bank wishes to announce that payment of consideration has been made to holders whose Notes have been validly tendered and accepted by DBS Bank. The Notes that were accepted by DBS Bank have been cancelled. Please refer to the attached announcement released on 9 January 2015 for more information. |