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BONDS

Private bank incentives for bond deals come under pressure

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Sources say UBS recently stopped accepting rebates on bond deals it sells to private banking clients.

Singapore

CONTROVERSIAL private bank rebates in Asian bond issues could soon become a thing of the past, after UBS stopped indulging in the practice and banks in Singapore started disclosing details of the incentives they receive.

Bookrunners routinely offer one-off rebates of 25

sentifi.com

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