Issue of S$300 million subordinated perpetual securities by Singapore Press Holdings Limited
Allen & Gledhill advised DBS Bank Ltd. (“DBS”) and Oversea-Chinese Banking Corporation Limited (“OCBC”) on the issue of S$300 million 4.00 per cent. subordinated perpetual securities (“Issue”) under the S$1 billion multicurrency debt issuance programme by Singapore Press Holdings Limited (“SPH”).
DBS and OCBC were appointed joint lead managers and joint bookrunners for the Issue.
Advising DBS and OCBC was Allen & Gledhill Partner Margaret Chin.
Advising SPH on tax issues was Allen & Gledhill Partner Sunit Chhabra.