DBS to securitise its loan portfolio

The Singaporean bank is hoping to pioneer another Asian first, with plans for a synthetic CLO transaction.

Singapore-based investors report that DBS and JPMorgan have been sounding out the market on a S$300 million $165 million offering securitizing a portion of the bank's corporate loan portfolio. Should it materialise, the transaction will not only mark a new step in the development of the Singapore ABS market, but also for Asia as a whole, since synthetic CLO's collateralized loan obligations have only ever previously been used in Japan.

For DBS Bank, the significance of the deal...

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