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The Newbridge controlled bank braves US spy planes and the postponement of a sovereign issue to price its debut international sub debt issue.

DBS closes the books on its latest $850 million bond issue - a deal that had to get done.

After a change in regulation last year, Thailand''s banks can issue upper tier 2 debt. Only one has so far. More are set to follow.

Singapore''s CPF Board will consider inviting international providers to enter the market. But no timetable has been set.