THE emergence of real estate investment trusts (Reits) as a highly popular instrument here, and applying for initial public offerings (IPOs) via the ATM, are all part and parcel of the financial landscape now.
However, they required much burning of the midnight oil to ensure they came to fruition, and DBS Bank was in the thick of these developments. By launching financial instruments that were new to Singapore such as Reits, bringing in foreign debt and equity offerings, as well as encouraging dual listings, it helped turn the Republic into a key fund-raising centre.
Earlier this month, DBS won an award from the Singapore Exchange (SGX) for just that pioneering role. SGX singled out the bank’s contribution of bringing in local and foreign listings as well as Reits.
DBS’ corporate finance department was set up in 1972. Many now-familiar public corporate names were listed here with the help of DBS. These include Olam, Hyflux and Venture Manufacturing. The bank also had a hand in the IPOs of many Temasek Holdings-linked companies such as Neptune Orient Lines, Singapore Airlines and SingTel. Continue reading
Lush Dream Home 