DBS launches tier-two Kangaroo

On 30 September, DBS Group Holdings (Aa2/AA-) launched a 10.5-year non-call 5.5-year, tier-two Kangaroo deal. The forthcoming transaction has indicative price guidance of 195 basis points area over swap benchmarks and is expected to price on the day of launch. The notes are expected to be rated A2/A.