DBS hires banks for sterling covered bond debut

NOV 4, 20153:08 PM

[HONG KONG] DBS Bank has mandated Barclays, DBS Bank, Deutsche Bank and Societe Generale CIB to arrange a series of fixed income investor meetings from Friday for a sterling covered bond.

The proposed transaction will be the second offshore covered deal from the bank after it priced Singapore's first such offering in July, a US$1 billion three-year bond that priced at 37bp over mid-swaps.

The bank's dollar debut was rated Aaa/AAA/AAA and was issued from a US$10 billion multicurrency programme.

REUTERS