• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Banking

DBS Global Income Note raises over S$1b in 3 months

DBS Global Income Note raises over S$1b in 3 months
  • Pedro Gonçalves
  • @PeterHSG
  • 13 May 2019
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

DBS Bank has raised over S$1bn from its DBS Global Income Note in the three months since its January launch, with its private banking clients showing strong interest, South-east Asia's largest lender announced.

"As the hunt for yield continues to dominate in a lower-for-longer environment, the note presents a timely solution for income investors seeking capital preservation and a stable, consistent source of income," DBS said in a statement.

Related articles

  • Allianz GIobal Investors launches Singapore Income fund
  • Manulife Asset Management Singapore launches Asian bond fund
  • BlackRock launches high yield fixed-maturity bond fund
  • BlackRock launches high yield fixed maturity bond fund

The open-ended note references the DBS Global Income Portfolio, a globally diversified and equally weighted portfolio of at least 100 mostly investment-grade bonds, across various geographies and sectors.

Demand for the DBS Global Income Note has been exceedingly strong"

It has a current payout of around 4.25% per annum in USD, and provides high income visibility and transparency as it pays out coupons collected (less structuring fees and costs) to investors on a quarterly basis. It is also available in an SGD-hedged format. The minimum investment sum is USD 50,000 or SGD 100,000. In comparison, the minimum trade size for a single non-retail bond is SGD 250,000. 

Audra Seah, head of investment advisory and capital markets at DBS Private Bank said: "With the hunt for yield remaining a consistent theme amid falling interest rates, narrowing credit spreads, and the inverted yield environment we're seeing today, we believe the launch of the DBS Global Income Note is timely.

"Demand for the DBS Global Income Note has been exceedingly strong.We structured the DBS Global Income Note to address income investors' need for greater stability and certainty by providing access to a highly diversified fixed income portfolio, for a relatively small investment amount."

The note is structured by DBS' investment advisory and capital markets team, with the underlying portfolio of bonds selected based on DBS CIO's investment guidance and target duration, and the credit research expertise of DBS Group Research and DBS fixed income analysts.

 

Click here to subscribe to International Investment's free twice-daily newsletter

 

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Banking
  • DBS Bank
  • DBS
  • DBS Private Bank
  • DBS Global Income Note
  • Singapore
  • Asia

More on Banking

HSBC Malaysia appoints head of global banking

  • People Moves
  • 01 March 2021
HSBC to restart dividend despite 34% profits slide

  • Banking
  • 23 February 2021
HSBC launches private banking arm in Thailand

  • Banking
  • 01 February 2021
Credit Suisse opens Riyadh branch following Saudi license

  • Banking
  • 11 January 2021
Hong Kong residents eye offshore bank accounts

  • Banking
  • 21 December 2020
Back to Top

Most read

EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
EU removes Barbados from blacklist of 'non-cooperative' jurisdictions
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Global UHNWI population to grow by 27% over the next five years: Knight Frank
Amati Global Investors launches strategic metals fund
Amati Global Investors launches strategic metals fund
Aviva announces exit from Turkey
Aviva announces exit from Turkey
Aviva approves sale of its French business for €3.2bn
Aviva approves sale of its French business for €3.2bn
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading