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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

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

Reuters SINGAPORE
SINGAPORE (Reuters) - 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.
Headquartered in Singapore, EvolutionX will provide financing to growth stage technology-enabled companies across Asia, with a focus on China, India, and Southeast Asia, the companies 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: Jul 30 2021 | 10:08 AM IST

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