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DBS says it does not issue bonds to pay down stressed loans

But its spokeswoman says it is 'not unusual' for a bank to lend to a company and also to issue bonds for it
Wednesday, August 3, 2016 - 05:50
37504090.2 (39150623) - 21_07_2016 - pixbanks.jpg
DBS does not issue bonds for companies "for the express purpose of paying down stressed loans" on its books, a spokeswoman told The Business Times.

Singapore

DBS does not issue bonds for companies "for the express purpose of paying down stressed loans" on its books, a spokeswoman told The Business Times.

The bank was responding to queries from BT about its perceived conflict of interest in the market: DBS, Swiber's major