Establishment of S$750 million multicurrency medium term note programme and issue of S$150 million sustainability senior notes by Giti Tire Pte. Ltd.
Allen & Gledhill advised DBS Bank Ltd. (“DBS”), Deutsche Bank AG, Singapore Branch (“DB SG”) and The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (“HSBC”) on the establishment of a S$750 million multicurrency medium term note programme (“Programme”) and issue of S$150 million 5.75% sustainability senior notes due 2030 (“Notes”) by Giti Tire Pte. Ltd. (“Giti Tire”).
The Notes were issued under the Sustainable Financing Framework by Giti Tire, which is aligned with the International Capital Market Association’s Green Bond Principles 2025 and Social Bond Principles 2025.
Advising DBS, DB SG and HSBC were Allen & Gledhill Partners Margaret Chin and Sunit Chhabra.
