Establishment of US$10 billion global covered bond programme by Maybank Singapore Limited unconditionally and irrevocably guaranteed as to payments of interest and principal by Silver Fern Covered Bonds Pte. Ltd.
Allen & Gledhill advised Maybank Singapore Limited (“MSL”) on the establishment of its US$10 billion global covered bond programme (“Programme”), unconditionally and irrevocably guaranteed as to payments of interest and principal by Silver Fern Covered Bonds Pte. Ltd.
The Programme was jointly arranged by MSL, DBS Bank Ltd., and BNP Paribas.
This is the first Singapore covered bond programme by a domestic systemically important bank (D-SIB) that is a Singapore subsidiary of a foreign bank group.
Advising MSL were Allen & Gledhill Partners Magdalene Leong, Andrew Chan, Jo Tay, Hoo Sheau Farn, Francis Mok, Alexander Yap, and Sunit Chhabra.
