DBS debut AT1 thrives despite record low coupon rate
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Asia

DBS debut AT1 thrives despite record low coupon rate

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DBS Bank sealed a landmark $750m additional tier one (AT1) bank capital deal on Tuesday, marking not just its first dollar AT1 but also the first from a Singaporean lender. Despite the lowest ever coupon globally for this asset class, investors feasted on the credit, reports Addison Gong.

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