5 November 2018

Allen & Gledhill advised DBS Bank Ltd. (“DBS”) on the establishment of a S$1 billion multicurrency debt issuance programme (the “Programme”) and issue of S$150 million 4.00 per cent. notes due 2021 under the Programme by Metro Holdings Ltd.

DBS was appointed arranger and dealer of the Programme.

Deutsche Bank AG, Singapore Branch (“DB Singapore”) was appointed principal paying agent and CDP registrar.

Deutsche Bank AG, Hong Kong Branch (“DB Hong Kong”) was appointed non-CDP paying agent and non-CDP registrar.

DB International Trust (Singapore) Limited (“DB International”) was appointed trustee of the holders of securities issued under the Programme.

Advising DBS as to Singapore law was Allen & Gledhill Partner Margaret Chin.

Advising DB Singapore, DB Hong Kong and DB International as to Singapore law was Allen & Gledhill Partner Daselin Ang.

Advising DBS on Singapore tax issues was Allen & Gledhill Partner Sunit Chhabra.


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