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DBS Group Holdings Ltd (DBSDF)

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22.03-1.03 (-4.47%)
At close: 2:39PM EDT
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  • Temasek, DBS to launch $500 million debt financing platform
    Reuters

    Temasek, DBS to launch $500 million debt financing platform

    Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings will jointly launch a $500 million debt financing platform, joining a growing trend by banks and investment funds offering debt funding. Headquartered in Singapore, EvolutionX will provide financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia, DBS and Temasek said in a joint statement on Friday. "Apart from helping founder entrepreneurs avoid dilution of share equity in the company's initial stages of development, growth debt also serves as a complementary tool to tide these companies, which are often cash strapped," Tan Su Shan, group head of institutional banking at DBS said in a statement.

  • Reuters SG

    UPDATE 3-Singapore's Temasek portfolio surges to record after market rally

    Singapore's Temasek Holdings reported a 25% rise in its portfolio value to a record S$381 billion ($282 billion) in the year ended March 2021, with gains powered by a global equities rally and the public listing of some of its holdings. Ranked among the biggest investors in the world, Temasek is anchored in Asia, with 64% exposure to the region as measured by underlying assets of its portfolio companies, most of which are in China and Singapore. The increase in its portfolio value was the highest in a decade and follows a 2.2% drop the previous year, with the state investor making record investments and divestments in the latest year, Temasek executives told a news conference on Tuesday.

  • Reuters SG

    Singapore's Temasek set to post record portfolio in global equities rally

    Singapore state investor Temasek Holdings' portfolio value likely rebounded to scale a record in the year ending March, boosted by a rally in global markets and the public listing of some of its holdings. Analysts expect the value of Temasek's assets to have jumped over 20% in the year ending March, pushing up the portfolio value to roughly S$375 billion ($277.7 billion) - after dipping 2.2% to S$306 billion a year ago - which marked the first drop after three consecutive years of gains. The long-term outlook for Temasek, one of the world's biggest state investors, has been clouded by its support to pandemic-hit businesses.