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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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