Dec 31, 2014

    DBS bags all S'pore prizes at IFR Asia Awards

    DBS Group Holdings made a clean sweep of all three Singapore awards at the recent International Financing Review (IFR) Asia Awards 2014.

    It retained its Bond House Of The Year and Loan House Of The Year awards, and picked up an accolade for Frasers Hospitality Trust's initial public offering (IPO).

    DBS also took home a regional loan award for its role as mandated lead arranger and bookrunner for CT Corporation's syndicated loan.

    Frasers Hospitality Trust's $400-million IPO was named Singapore's Equity Issue Of The Year for winning investors' full support and reviving Singapore's IPO market after a two-month lull.

    The bank was the sole global coordinator and the bookrunner of this transaction.

    CT Corporation's US$1.275-billion (S$1.69-billion) three-tranche syndicated loan was named the region's Loan Of The Year.

    It was Indonesia's largest syndicated corporate deal in recent memory.

    Its structure, with a complex selldown strategy vis-a-vis three entities simultaneously with different tenors, was unprecedented and highly successful, with 17 banks across the globe joining the deal, said DBS in a statement yesterday.

    The bank said that it was lauded for its efforts in bringing several first-time small and medium-sized enterprises into the Singapore dollar bonds space, correctly anticipating that private bank clients would embrace the new high-yield offerings.

    DBS cemented its position as the top arranger of Singapore dollar bonds, with 70 new issues during the review period, from Nov 16 last year to Nov 15 this year, for a 37 per cent market share.

    It maintained its leadership position in Singapore loans on a variety of borrowings involving the commodities sector, and event-driven financing and debut facilities.

    It was the top bookrunner during the awards review period, with a 16 per cent share of the US$22-billion market.