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FIGCovered Bonds

DBS touted for Singapore’s first covered bond after Fitch backing

DBS Bank is touted to bring Singapore’s first covered bond, possibly in the first quarter, bankers told The Cover on Wednesday, with Barclays and Deutsche Bank rumoured to be the lead managers. The Monetary Authority of Singapore cleared the way for banks to structure covered bond deals, when it updated its issuance rules on December 31.

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