DBS Bank

Singtel prices $1 bil subordinated perpetual securities at 3.3% - THE EDGE SINGAPORE

TELECOMMUNICATIONS

Singtel prices $1 bil subordinated perpetual securities at 3.3%

Singtel Group Treasury (SGT), a wholly-owned subsidiary of Singapore Telecommunications (Singtel), has priced $1 billion of subordinated perpetual securities on April 7.

Maintain 'buy' on DBS as earnings prospects improve: RHB  - THE EDGE SINGAPORE

Broker's Calls

Maintain 'buy' on DBS as earnings prospects improve: RHB

The Singapore research team at RHB Group Research has maintained its ‘buy’ rating for DBS Bank with a higher target price of $33 from $30 previously after the stock hit a 52-week high of

Manulife US REIT obtains US$250 million sustainability-linked loan from DBS and OCBC - THE EDGE SINGAPORE

REITs

Manulife US REIT obtains US$250 million sustainability-linked loan from DBS and OCBC

Manulife US REIT (MUST) has obtained a US$250 million ($335.7 million) unsecured sustainability-linked loan from DBS and OCBC Bank, with both banks acting as sustainability advisors for t

UOB Kay Hian remains 'overweight' on Singapore banking sector on higher bond yields - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian remains 'overweight' on Singapore banking sector on higher bond yields

UOB Kay Hian Research has maintained its ‘overweight’ rating for the Singapore banking sector on the back of higher bond yields, economic recovery following the Covid-19 vaccine rollout,

SIA uses further $1.1 bil from rights issue for operating expenses, ticket refunds and aircraft related payments - THE EDGE SINGAPORE

Aviation & Engineering

SIA uses further $1.1 bil from rights issue for operating expenses, ticket refunds and aircraft related payments

Singapore Airlines (SIA) says it has used a further $1.1 billion out of the $8.8 billion raised from its rights issue between Dec 14, 2020, to Feb 21.

DBS to offer free delivery of QR gift cards this CNY - THE EDGE SINGAPORE

Sustainability

DBS to offer free delivery of QR gift cards this CNY

DBS Bank is offering free delivery of its QR gift cards for customers this Chinese New Year.

Sustainability

Ascott Residence Trust obtains $50 mil green loan from DBS, becomes first hospitality trust in Singapore to do so

Ascott Residence Trust (ART) has obtained a $50 million five-year green loan from DBS Bank, making ART the first hospitality trust in Singapore to secure a green loan.

DBS maintains overweight on equities, offers ‘IDEAs’ for stronger 1Q2021 - THE EDGE SINGAPORE

Investing ideas

DBS maintains overweight on equities, offers 'IDEAs' for stronger 1Q2021

Buoyed by the slew of Covid-19 vaccines receiving accelerated regulatory approval, the new year is shaping up to be a positive one.

Mortgaged Ezion vessel sold for $29.2 mil to repay bank loans - THE EDGE SINGAPORE

Company in the news

Mortgaged Ezion vessel sold for $29.2 mil to repay bank loans

Ezion Holdings’ wholly owned subsidiary Teras Fortress 2 (TF2PL) has disposed of a liftboat to Virgo Shipping for a cash consideration of US$22 million ($29.2 million).

Xero's cloud accounting platform helps SMEs track their finances - THE EDGE SINGAPORE

Positioning for the recovery

Xero's cloud accounting platform helps SMEs track their finances

Cash flow problems are the number one reason why SMEs fail. Having true visibility over cash flow data is hugely advantageous for businesses trying to determine their financial health.

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