DBS predicts $10b in covered bond sales by banks in next three years

Tougher times loom in the horizon.

According to a report by Bloomberg, DBS Bank Ltd. (DBS) predicts as much as S$10 billion ($7.9 billion) in covered bond sales by banks in Singapore over the next three years as the world’s most-expensive city prepares for tougher times.

“These instruments provide an alternative funding source that has exhibited stability in times of stress,” Colin Chen, head of structured debt solutions at the unit of Southeast Asia’s biggest lender, said in an interview. “The first Singapore covered bond is likely to be in a foreign currency because there’s already good access to Singapore dollars.”

Read full report here.

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.


The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.


So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.