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Published on 8/28/2014 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Singapore’s DBS Bank calls 5% subordinated notes for Nov. 15 redemption

By Angela McDaniels

Tacoma, Wash., Aug. 28 – DBS Bank Ltd. plans to redeem its $750 million of 5% subordinated notes due 2019 on Nov. 15, according to a company news release.

The redemption price is par plus accrued interest and additional interest, if any.

The Monetary Authority of Singapore gave its written consent to the redemption on Aug. 28.

DBS Bank is a Singapore-based financial services group.


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