DBS launches Australian dollar benchmark covered bond
- Wednesday, 16 October 2019
On 16 October, DBS Bank (DBS) (AA-/Aa1/AA-) launched its benchmark, Australian dollar denominated covered-bond deal. The three-year deal will come in either or both fixed and floating-rate format and is being marketed at 55 basis points area over swap benchmarks. The deal is expected to be rated Aaa/AAA and anticipated to price on the day after launch.
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