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DBS sets its sights on China for debt capital markets push

Bloomberg Published on Mon, Sep 24, 2018 / 7:42 AM GMT+8

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(Sept 24): DBS Group Holdings, Southeast Asia’s largest lender, is expanding its fixed-income business in China in a bid to bring more first-time bond issuers to the offshore market.

The Singapore bank recently set up a debt capital market product and advisory team in China to focus on getting more local clients, Clifford Lee, head of fixed income at DBS Group, said in an interview. It will be run by three bankers in Shanghai and Beijing led by Cleaven Yu, who was appointed head of its China fixed-income origination team in June, he said.

"We expect that China’s need for debt financing will only continue to grow, driven by factors such as the country’s rising bank capital and infrastructure financing needs," said Lee.