King & Wood Mallesons (KWM) has advised DBS on its first Tier 2 capital offer denominated in Australian dollars, with the Singapore-based bank offering A$750 million of subordinated notes due 2028.
The issue is under the bank's global medium-term notes program valued at US$30bn, with to be used for the finance and treasury activities of DBS - including the provision of intercompany loans, or other forms of financing to DBS Bank and its subsidiaries.
The KWM team was led by Partner Philip Harvey, supported by Senior Associate Angela Chung.
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