DBS makes clean sweep of IFR Asia's Singapore awards

DBS Group Holdings won "Bond House of the Year" and "Loan House of the Year" awards at the recent IFR Asia Awards 2014, and also picked up an accolade for Frasers Hospitality Trust's initial public offering (IPO). -- ST FILE PHOTO
DBS Group Holdings won "Bond House of the Year" and "Loan House of the Year" awards at the recent IFR Asia Awards 2014, and also picked up an accolade for Frasers Hospitality Trust's initial public offering (IPO). -- ST FILE PHOTO

SINGAPORE - DBS Group Holdings made a clean sweep of all three Singapore awards at the recent IFR Asia Awards 2014.

It retained its "Bond House of the Year" and "Loan House of the Year" awards and also picked up an accolade for Frasers Hospitality Trust's initial public offering (IPO).

DBS also took home a regional loan award for its role as mandated lead arranger and bookrunner for CT Corp's syndicated loan.

Frasers Hospitality Trust's S$400 million IPO was named Singapore's "Equity Issue of the Year" for winning investors' full support and reopening Singapore's IPO market after a two-month lull.

The bank was the sole global co-ordinator and the bookrunner of this transaction.

CT Corp's US$1.275 billion three-tranche syndicated loan was named the region's "Loan of the Year".

It was Indonesia's largest syndicated corporate deal in recent memory.

Its structure, with a complex selldown strategy vis-a-vis three entities simultaneously with different tenors, was unprecedented and highly successful with 17 banks across the globe joining the deal, said DBS in a statement on Dec 30.

The bank said it was lauded for its efforts in bringing several first-time small and medium sized enterprises into the Singapore dollar bonds space, correctly anticipating that private bank clients would embrace the new high-yield offerings.

DBS cemented its position as the top arranger of Singapore dollar bonds, with 70 new issues during the review period, from Nov 16, 2013 to Nov 15, 2014, for a 37 per cent market share.

It maintained its leadership position in Singapore loans on a variety of borrowings involving the commodities sector, and event-driven financings and debut facilities.

It was the top bookrunner during the awards review period with a 16 per cent share of the US$22 billion market.