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Singapore's DBS and Temasek to set up $500 million debt financing platform

Southeast Asia's biggest lender DBS Group Ltd and Singapore state investor Temasek Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform

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DBS Bank | Singapore | Temasek

Reuters  |  SINGAPORE 



Singapore's DBS and Temasek to set up $500 million debt financing platform

(Reuters) - Southeast Asia's biggest lender DBS Group Ltd and state investor Holdings said on Friday they would jointly launch a $500 million growth stage debt financing platform.

Headquartered in Singapore, EvolutionX will provide financing to growth stage technology-enabled across Asia, with a focus on China, India, and Southeast Asia, the said in a statement.

 

(Reporting by Anshuman Daga; Editing by James Pearson)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


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First Published: Fri, July 30 2021. 10:08 IST

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