Bonds to fund projects

Southeast Asia's largest bank, DBS Group Holding Ltd, has raised US $2 billion (SGD3 billion) in its biggest sale of bonds, with the aim of funding construction projects.

Southeast Asia's largest bank, DBS Group Holding Ltd, has raised US $2 billion (SGD3 billion) in its biggest sale of bonds, with the aim of funding construction projects. With development peaking in the region, the major lender is hoping to capture further potential for the future as development and construction companies continue to require lending for major projects in Singapore. The fourth largest economy in Asia, Singapore has become a major market, with bank lending rising 10.3% to $201.4 billion last year.

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Construction Week - Issue 767
Sep 01, 2020