DBS Bank's structured note raises over S$1b in three months

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''.