Singapore adds to covered bond universe

DBS brings Southeast Asia's first covered bond, propelling Singapore into the global ranks of issuers.
Covered bonds are backed by an asset pool (normally residential mortgages)
Covered bonds are backed by an asset pool (normally residential mortgages)
July 31, 2015

DBS Bank has propelled Singapore into the global ranks of covered bond issuers following the completion of a debut $1 billion issue from its newly established $10 billion covered bond programme.

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