Issue of S$200 million fixed-rate sustainability notes by Centurion Corporation Limited
Allen & Gledhill advised DBS Bank Ltd. (“DBS”) on the issue of S$200 million 5-year fixed rate sustainability notes due 2031 (“Notes”) under the S$750 million multicurrency debt issuance programme by Centurion Corporation Limited (“CCL”).
DBS was appointed the sole lead manager and bookrunner as well as sole sustainable finance advisor in relation to the Notes.
The Notes are CCL’s inaugural issuance of sustainability notes following the establishment of its Sustainability Financing Framework in August 2026.
The Notes also marks the first sustainability notes issuance in Singapore dedicated to the purpose-built accommodation sector, including both purpose-built worker accommodation and purpose-built student accommodation. It is also the largest and longest-dated bond issuance by CCL to-date and is oversubscribed by institutional and private bank investors, resulting in an upsized trade.
Advising DBS were Allen & Gledhill Partners Margaret Chin and Sunit Chhabra.
