DBS
HQ: Singaporelisted on Coalpolicytracker.org
listed on Coalpolicytracker.org
2022:
2023:
2024:
2025:
| Expansion | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Loans | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Underwriting | 2022 | 2023 | 2024 | 2025 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| San Miguel CorporationLimay Power Corp, Mariveles Power Generation Corp, Masinloc Power Partners Co Ltd, San Miguel Global Power Holdings Corp (based on GCEL 2025) | power | $6M | $6M | $1M | $163M | $6M | $6M | $164M | $175M | |||||||||||||||||||
| PT Indika Energy TbkIndika Energy Capital II Pte Ltd, Indika Energy Capital III Pte Ltd, Indika Energy Capital IV Pte Ltd, Indika Energy Capital Pte Ltd, PT Indika Inti Corpindo, PT Kideco Jaya Agung (based on GCEL 2025) | infrastructure | $24M | $76M | Not On GCEL Change in Company Structure | $24M | Not On GCEL Change in Company Structure | $76M | $100M | ||||||||||||||||||||
| CLP Holdings Co LtdCastle Peak Power Co Ltd, Castle Peak Power Finance Co Ltd, CLP Power Hong Kong Financing Ltd, CLP Power Hong Kong Ltd, EnergyAustralia Finance Pty Ltd, EnergyAustralia Pty Ltd (based on GCEL 2025) | $22M | $20M | $36M | $18M | $22M | $20M | $36M | $18M | $96M | |||||||||||||||||||
| PT Mineral Industri Indonesia (Persero)PT Bukit Asam Tbk (based on GCEL 2025) | infrastructure | $11M | $76M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $11M | $76M | $86M | ||||||||||||||||||||
| PT Harum Energy Tbk | $60M | $22M | $60M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $22M | $82M | |||||||||||||||||||||
| RWE AGRWE Finance US, LLC, RWE Power AG (based on GCEL 2025) | $33M | $32M | Not On GCEL Change in Company Structure | $33M | Not On GCEL Change in Company Structure | $32M | $65M | |||||||||||||||||||||
| JERA Co IncHitachinaka Generation Co Ltd, Jera Global Markets Pte Ltd (based on GCEL 2025) | $10M | $8M | $6M | $36M | $10M | $8M | $6M | $36M | $60M | |||||||||||||||||||
| Glencore PLCBulga Coal Management Pty Ltd, Carbones del Cerrejon Ltd, Finges Investment BV, Glencore Australia Holdings Pty Ltd, Glencore Capital Finance DAC, Glencore Finance (Bermuda) Ltd, Glencore Finance (Canada) Ltd, Glencore Finance (Europe) Ltd, Glencore Funding LLC, Glencore Group Funding Ltd, Glencore International AG, Glencore (Schweiz) AG, Hail Creek Joint Venture , Rolleston Coal Holdings Pty Ltd, Ulan Coal Mines Ltd, Wandoan Holdings Pty Ltd (based on GCEL 2025) | power, mining | $15M | $37M | $7M | $15M | $37M | Not On GCEL Change in Company Structure | $7M | $59M | |||||||||||||||||||
| Jardine Cycle & Carriage LtdPT Astra International Tbk, PT Pamapersada Nusantara, PT Surya Artha Nusantara Finance, PT Tuah Turangga Agung, PT United Tractors Tbk (based on GCEL 2025) | $26M | $7M | $8M | $8M | $26M | Not On GCEL Change in Company Structure | $7M | $41M | ||||||||||||||||||||
| Origin Energy LtdOrigin Energy Finance Ltd (based on GCEL 2025) | $22M | $12M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $22M | $12M | $34M | |||||||||||||||||||||
| PT Indonesia Asahan AluminiumPT Huadian Bukit Asam Power, PT Bukit Asam Tbk, PT Bukit Asam Prima, PT Bukit Pembangkit Innovative, PT Internasional Prima Coal (based on GCEL 2023) | power | $28M | Not On GCEL Change in Company Structure | $28M | Not On GCEL Change in Company Structure | $28M | ||||||||||||||||||||||
| Trafigura Group Pte LtdTrafigura Group Pte Ltd (based on GCEL 2023) | 0 | $12M | $9M | $12M | $9M | Not On GCEL Change in Company Structure | $21M | |||||||||||||||||||||
| China Huaneng Group Co LtdChina Huaneng Group (Hong Kong) Treasury Management Holding Ltd, Huaneng Capital Services Co Ltd, Huaneng Coal Co Ltd, Huaneng Gansu Energy Development Co Ltd, Huaneng Inner Mongolia East Energy Co, Huaneng International Power Development Corp, Huaneng Lancang River Hydropower Co Ltd , Huaneng Xinjiang Energy Development Co Ltd, Huaneng Xinjiang Zhundong Energy Development Co Ltd, Huaneng Yimin Coal-Electricity Co Ltd, Huaneng Yuwang II (Yunnan) Energy Co Ltd, Inner Mongolia Beiliandian Energy Development Co Ltd, Inner Mongolia Mengdian Huaneng Thermal Power Co Ltd, Manzhouli Dalaihu Thermal Power Co Ltd, North United Power Co Ltd, Zhalai Nuoer Coal Industry Co Ltd (based on GCEL 2025) | power, mining, infrastructure | $18M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $18M | $18M | ||||||||||||||||||||||
| PT TBS Energi Utama Tbk | $16M | Not On GCEL Change in Company Structure | $16M | Not On GCEL Change in Company Structure | $16M | |||||||||||||||||||||||
| Adani GroupAbbot Point Operations Pty Ltd, ACC Ltd, Adani Electricity Mumbai Ltd, Adani Energy Solutions Ltd, Adani Enterprises Ltd, Adani Global FZE, Adani Hazira Port Ltd, Adani Infra (India) Ltd, Adani Krishnapatnam Port Ltd, Adani Murmugao Port Terminal Pvt Ltd, Adani Ports and Special Economic Zone Ltd, Adani Power Dahej Ltd, Adani Power Ltd, Adani Rugby Run Finance Pty Ltd, Ambuja Cements Ltd, Anuppur Thermal Energy (MP) Pvt Ltd, Bowen Rail Co Pty Ltd, Bravus Mining and Resources, CG Natural Resources Pvt Ltd, Gare Pelma III Collieries Ltd, Jhar Mineral Resources Pvt Ltd, Kalinga Alumina Ltd, Katni Thermal Energy (MP) Ltd, Korba Power Ltd, Kutchh Power Generation Ltd, Mahan Energen Ltd, Mahanadi Mines and Minerals Pvt Ltd, MH Natural Resources Pvt Ltd, Mirzapur Thermal Energy (UP) Pvt Ltd, MP Natural Resources Pvt Ltd, Mundra Petrochem Ltd, North Queensland Export Terminal Pty Ltd, NQXT Capital Pty Ltd, Orissa Thermal Energy Ltd, Parsa Kente Collieries Ltd, Pench Thermal Energy (MP) Ltd, Talabira (Odisha) Mining Ltd, The Dhamra Port Co Ltd (based on GCEL 2025) | power, mining, infrastructure | $15M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $15M | $15M | |||||||||||||||||||||
| BHP Group LtdBHP Billiton Finance BV, BHP Billiton Finance Ltd, BHP Billiton Finance plc, BHP Billiton Finance (USA) Ltd, BHP Finance Ltd, Hunter Valley Energy Coal Pty Ltd, WMC Finance (USA) Ltd (based on GCEL 2025) | mining | $9M | $2M | Not On GCEL Change in Company Structure | $9M | Not On GCEL Change in Company Structure | $2M | $11M | ||||||||||||||||||||
| JSW Steel LtdJSW Utkal Steel Ltd, Mivaan Steels Ltd (based on GCEL 2025) | power, mining | $3M | $3M | $3M | Not On GCEL Change in Company Structure | $3M | $3M | $3M | $9M | |||||||||||||||||||
| Lygend Resources & Technology Co LtdPT Halmahera Persada Lygend (based on GCEL 2024) | power | $2M | $3M | $3M | $3M | $2M | $3M | $7M | ||||||||||||||||||||
| Grasim Industries LtdAditya Birla Capital Ltd, UltraTech Cement Ltd (based on GCEL 2025) | mining | $4M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $4M | $4M | ||||||||||||||||||||||
| China Three Gorges CorporationInner Mongolia Three Gorges Mengneng Energy Co Ltd, Three Gorges Bazhou Ruoqiang Energy Co Ltd, Three Gorges Capital Holdings Co Ltd, Three Gorges Finance I (Cayman Islands) Ltd, Three Gorges Finance II (Cayman Islands)Ltd (based on GCEL 2025) | power, mining | $3M | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $3M | $3M | |||||||||||||||||||||
| Dalmia Bharat LtdDalmia Cement Bharat Ltd (based on GCEL 2025) | mining | $ | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | Not On GCEL Change in Company Structure | $ | $ |