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DBS Bank to issue US$100M of notes

DBS Bank Ltd. plans to issue issue US$100 million of fixed-rate notes on May 29.

The notes were priced at par with an interest rate of 3.12% per year. They will mature May 29, 2020.

The notes will be issued under the bank's US$30 billion global medium-term note program.

DBS Bank is a unit of DBS Group Holdings Ltd.