Deutsche Bank Secures 400 Million SGD in Senior Non-Preferred Notes, Further Broadening Investor Base

Deutsche Bank Secures 400 Million SGD in Senior Non-Preferred Notes, Further Broadening Investor Base

(IN BRIEF) Deutsche Bank has successfully raised 400 million Singapore Dollars (SGD) in senior non-preferred notes, marking its second venture into the SGD market. The funds will be used for general corporate purposes. Jonathan Blake, Deutsche Bank’s Head of Issuance and Securitisation, highlighted the transaction’s success, emphasizing the bank’s strategy to broaden its funding activities across different currencies and markets. The issuance received strong demand from investors in the Asia Pacific region and abroad, indicating the attractiveness of the Singapore dollar bond market. Fiona Ip, Deutsche Bank’s APAC Treasurer, underscored the bank’s longstanding presence in the SGD bond market, citing recent engagements such as the Oxley Holdings Exchange Offer and New Money Issuance, and advising on the Singaporean Government’s inaugural Sovereign green bond in 2022.

(PRESS RELEASE) FRANKFURT, 27-Mar-2024 — /EuropaWire/ — Deutsche Bank (XETRA: DBKGn.DB / NYSE: DB), Germany’s leading multinational investment bank and financial services company, announces that it has successfully raised 400 million Singapore Dollars (SGD) in senior non-preferred notes, signaling its commitment to diversifying its investor portfolio. This achievement marks the bank’s second foray into the SGD market, building upon its inaugural issuance in September 2022 and subsequent investor roadshow in December 2023. The funds procured from this transaction will bolster the bank’s resources for general corporate purposes.

Jonathan Blake, Head of Issuance and Securitisation at Deutsche Bank, emphasized the significance of this accomplishment, stating, “This successful transaction reinforces Deutsche Bank’s standing in the Singapore Dollar market and is a clear illustration of the bank’s strategy to extend its funding activities  across different currencies and markets.”

Capitalizing on a favorable market environment, the bank garnered substantial interest from investors across the Asia Pacific region and beyond. This issuance not only reinforces Deutsche Bank’s presence in the SGD bond market but also highlights the attractiveness of the Singapore dollar as an investment avenue, buoyed by recent deal flows and heightened investor enthusiasm.

Fiona Ip, Treasurer of Deutsche Bank APAC, highlighted the institution’s longstanding engagement in the SGD bond market. She comments, “Importantly, this issuance also represents the attractiveness of the Singapore dollar bond market, following strong recent deal flow and investor interest.”

The bank’s recent involvement as Joint Dealer Manager and Joint Bookrunner on Oxley Holdings Exchange Offer and New Money Issuance, further underscoring its commitment to facilitating notable transactions in the region. Additionally, Deutsche Bank played a pivotal role in advising on Singaporean Government’s inaugural Sovereign green bond issuance in 2022.

Deutsche Bank remains dedicated to fostering growth and innovation in the SGD bond market while continuing to provide value to its investors and clients alike.

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