MAS: Covered bond structure a commercial decision
Singapore
THE covered bond structure - including a proposed alternative ring-fencing declaration of trust (DoT) structure - to be adopted in the issue of covered bonds is a commercial decision by the issuing bank.
The Monetary Authority of Singapore (MAS) said this on Thursday as part of its official response to feedback on its proposed amendments to Notice 648 on covered bonds issuance. The amendments - detailed in a January consultation paper - are aimed at refininig the regulatory framework to give further operational flexibility to banks seeking to issue covered bonds in Singapore.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Electrolux Q1 loss nearly triples on weak demand but beats expectations
DigitalBridge-backed Vantage said to weigh Hong Kong data centres sale
Vietnam delays launch of new stock trading system
Tesla’s plan for affordable cars takes page from Detroit rivals
Meituan to debut in Riyadh as expansion beyond China quickens
Mapletree Industrial Trust to distribute S$13 million of divestment gains over next 4 quarters