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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

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Published Tue, Aug 2, 2016 · 09:50 PM

    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 banker, is the major bond arranger for several Singapore companies including Swiber Holdings, which has had five outstanding bonds suspended from trading as it files for judicial management.

    DBS

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