LONDON, March 16 (IFR) - DBS Bank is eyeing the possibility of issuing Singapore's first covered bonds after buffing up its capital with a Lower Tier 2 bond issue this week.
Those in the know say that the success of a USD2bn Reg S/144a covered bond sale by Australian lender Commonwealth Bank of Australia (CBA) earlier this month has caused something of a stir in Singapore, where regulators are currently mulling a rule change to allow local banks to issue up to 2% of their assets in covered bonds. Full story
