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Moody's: DBS Bank issues €500M of mortgage-covered bonds

DBS Bank Ltd. issued €500 million worth of senior unsecured mortgage-covered bonds, Moody's said Nov. 21.

The euro-denominated series 6 notes were issued under the bank's US$10 billion global covered bond program.

The bonds feature a 12-month extension period.

DBS Bank is a unit of DBS Group Holdings Ltd.