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DBS Bank

Keppel launches Sustainability-Linked Financing Framework; secures credit facilities with DBS and UOB of $500 mil each - THE EDGE SINGAPORE

Environmental, Social and Governance

Keppel launches Sustainability-Linked Financing Framework; secures credit facilities with DBS and UOB of $500 mil each

The sustainability-linked revolving credit facilities have preferential interest margins tied to Keppel's sustainability targets.
Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Charted - THE EDGE SINGAPORE

Company in the news

Seatrium subsidiary secures $500 mil revolving credit facility from DBS, HSBC and Standard Chartered

The loan facility will provide additional funding and liquidity to Seatrium, increasing its financial flexibility.
Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion - THE EDGE SINGAPORE

Company in the news

Seatrium subsidiary secures $400 mil early refinancing from DBS, with possible sustainability-linked conversion

The three-year committed loan facility includes a “sustainability-linked conversion option”.

Sustainability

H&M partners DBS Bank to fund fashion suppliers’ decarbonisation efforts

The green loan programme is different from that of traditional banking solutions as it provides direct financing.

REITs

Starhill Global REIT obtains its first sustainability-linked facility of $50 mil

The REIT has entered into a facility agreement with DBS for a five-year unsecured sustainability-linked multicurrency facility.

Fintech

UBS, DBS and SBI execute world first live repurchase transaction of natively-issued digital bond on public blockchain

This is part of MAS’s Project Guardian, a government-industry partnership to test the feasibility of asset tokenisation.

Zest

Singapore says 2.5 mil transactions failed in DBS, Citi outage

Up to 810,000 attempts to access both digital banking platforms were estimated to have failed during the Oct 14 disruption
MAS prohibits DBS from acquiring new business ventures for six months following repeated services disruptions - THE EDGE SINGAPORE

Zest

MAS prohibits DBS from acquiring new business ventures for six months following repeated services disruptions

DBS will also be setting aside a special budget of $80 million to enhance system resiliency.

Zest

Singapore set to direct DBS to fix 'unacceptable' online outages

“The frequency of outages is unacceptable, the slowness in recoverability is unacceptable,” says MAS's Ravi Menon.
MAS instructs DBS and Citibank to conduct thorough investigation after service disruptions - THE EDGE SINGAPORE

Zest

MAS instructs DBS and Citibank to conduct thorough investigation after service disruptions

MAS adds that it will take the “appropriate supervisory actions” on the banks after gathering the necessary facts on the outage.
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