Singapore adds to covered bond universe

DBS brings Southeast Asia's first covered bond, propelling Singapore into the global ranks of issuers.

Singapore adds to covered bond universe
Covered bonds are backed by an asset pool (normally residential mortgages)

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.

The city state has taken a number years to get a regulatory framework in place for an asset class that now tops the 2.5 trillion $2.73 trillion mark and has proved particularly popular in Europe where it was one of the...

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