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Moody’s rates DBS bonds Aaa
Moody’s Investors Service said it assigned a definitive Aaa rating to DBS Bank Ltd. London Branch’s £500 million of series 1 floating-rate covered bonds due 2026.
The bonds are being issued under DBS Bank Ltd.’s $20 billion global covered bond program.
The total value of the assets includes S$27.6 billion of private residential mortgages and unused principal receipts.
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