DBS secures licence to underwrite corporate bonds in China market

Singapore’s largest bank DBS has secured approval for its China unit to become a principal underwriter for non-financial corporate bonds in China’s interbank bond market. The move allows the bank to lead and organise onshore bond issuances in the world’s second-largest economy. 

DBS corporate bonds

The licence enables DBS to arrange and manage bond syndicates and lead deals for corporate issuers in China’s domestic market. The approval strengthens the bank’s investment banking capabilities and expands its regional capital-markets presence. 

DBS has already been active in the Chinese bond market, including participation in panda bond issuances worth billions of yuan in recent years. The new licence is expected to further deepen the bank’s involvement in China’s financial markets. 

SG business

Singapore to provide six months of free premium AI tool access for SkillsFuture learners