Singapore
A STRUCTURED note paying out 4.25 per cent (in US dollars) a year has raised over S$1 billion in three months, in a sign that investors' appetite for yield remains unsated.
DBS Bank's DBS Global Income Note, an open-ended structured note, references a portfolio of 100 bonds, globally diversified and equally weighted. The note, launched in January, is positioned as "a timely solution for income investors seeking capital preservation and a stable, consistent source of income''.
The payout rate in Singapore dollar is 3.65 per cent, after hedging cost of 0.6 per cent. The payout is not fixed and is paid quarterly, net of the all-in annual structuring fee of 1 per cent. The note is not capital...
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