Deutsche Bank successfully issues Singapore Dollar bond

Deutsche Bank has further diversified its investor base, successful raising 400 million Singapore Dollars (SGD) in senior non-preferred notes. 

This marks Deutsche Bank’s second visit to the SGD market, following its inaugural issuance in September 2022 and investor roadshow in December 2023. Proceeds from this issuance will be used for general corporate purposes. 

Jonathan Blake, Deutsche Bank’s Head of Issuance and Securitisation, said: “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”

The bank leveraged the positive market environment to execute the transaction, which received strong demand from investors both across Asia Pacific and abroad.

Importantly, this issuance also represents the attractiveness of the Singapore dollar bond market, following strong recent deal flow and investor interest. Fiona Ip, Deutsche Bank’s APAC Treasurer. 

Deutsche Bank has enjoyed a longstanding presence in the SGD bond market, including acting as Joint Dealer Manager and Joint Bookrunner on Oxley Holdings Exchange Offer and New Money Issuance last week. The bank also advised on the Singaporean Government’s inaugural Sovereign green bond, back in 2022.