DBS Bank announced it will launch today an offering of non-convertible hybrid Tier 1 securities in the form of preference shares to supplement its Tier-1 regulatory capital base.

Jeanette Wong, Chief Financial Officer of DBS Bank, said: "While we are wellcapitalised at this time, we are taking advantage of favourable market conditions to issue the hybrid Tier 1 securities. The proceeds from this issue will strengthen our capital position and support the continued growth of our pan-Asia franchise."

Further details will be released when the process is completed.

The offering's sole lead manager and bookrunner is DBS Bank.

This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States. The proposed offering described herein will not be registered under the U.S. Securities Act of 1933 or with any securities regulatory authority of any state or other jurisdiction in the United States and may not be offered or sold, directly or indirectly, into the United States unless the securities are so registered or an exemption from the registration requirements is available.

Sourced From: Beehive Priority Consultants