SINGAPORE, March 4 (Reuters) – DBS Group, Singapore’s biggest bank by assets, said on Wednesday its China unit has been granted a principal underwriting licence for non-financial corporate bonds in China’s interbank bond market.
The licence from China’s National Association of Financial Market Institutional Investors, or NAFMII, allows DBS to lead-manage all onshore corporate bond deals, including coordinating syndicates, it said in a statement.
DBS, which is also the largest bank in Southeast Asia, said DBS China was one of the most active foreign banks for panda bonds in 2025, commanding a 38% market share after having participated in 65.8 billion yuan ($9.54 billion) of issuance.
Panda bonds are yuan-denominated bonds sold in China’s onshore market by non-Chinese issuers.
($1 = 6.8996 Chinese yuan renminbi)
(Reporting by Yantoultra Ngui; editing by Barbara Lewis)
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