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First DBS Basel-III securities achieve $800m target

Wednesday, November 27, 2013 - 06:00

DBS Group Holdings' first Basel III issue - non-cumulative, non-convertible perpetual capital securities callable in 2019 - has achieved the target issue size of $800 million. Strong interest enabled the issue to be priced at an initial distribution rate of 4.7 per cent, the lower end of the

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