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DBS Bank to issue £111M of notes

Singapore's DBS Bank Ltd. will issue £111 million of floating-rate notes May 25 under its US$30 billion global medium-term note program.

According to a May 22 release, they will mature May 25, 2020, and will bear an annual interest rate equal to 21 basis points over the three-month London Interbank Offered Rate.

The notes will be listed on the Singapore Exchange Securities Trading Ltd.

DBS Bank is a unit of DBS Group Holdings Ltd.