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DBS bonds: top rating, cover pool of nearly S$5b mortgage loans

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Published Fri, Jun 19, 2015 · 09:50 PM

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    Singapore

    DBS Bank's covered bonds programme, which has been assigned an expected top rating from Fitch ratings, would be secured against loans valued at close to S$5 billion for private properties, several of which are held for investments.

    This was revealed in a pre-sale report from Fitch, which has assigned a triple-A expected rating with "stable outlook" to the bank's inaugural series of mortgage bonds to be issued under its US$10 billion global covered bond programme, the first established in Singapore.

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