DBS turns to euros in rare Singaporean tier two deal

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DBS turns to euros in rare Singaporean tier two deal

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The Pudong quarter with the luxury hotel Kempinski, the DBS Bank ((The Development Bank of Singapore Limited) and the Azia Center seen in Shanghai, China 29 August 2015. Photo: Jens Kalaene/dpa | Jens Kalaene/DPA/PA Images

Singaporean bank DBS Group came to the market with a tier two bond on Wednesday, opting for euros as it looked to open up new sources of debt capital.

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