Singapore's largest bank, DBS Group, sold its first-ever euro covered bond on Tuesday morning a sign of its desire to develop momentum for this relatively new asset class in Asia.
The Reg S sale represents the lender's third foray into the covered bond market after it raised $1 billion from a US dollar covered bond in July 2015 and A$750 million $565 million from an Aussie dollar deal in May last year. It...