DBS taps Aussie dollars for tier two paper
![Australian_dollars_Adobe_230x150](https://assets.euromoneydigital.com/dims4/default/bb5067c/2147483647/strip/true/crop/230x150+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fd6%2F35%2F3dbd6b6340c95fd405e1a0c6fdbd%2Faustralian-dollars-adobe-230x150.jpeg)
Singapore’s DBS Bank ventured into the Kangaroo market on Wednesday in search of tier two debt. Though Australian dollar tier two volumes have remained stable year on year, there is a marked decline in offshore issuance so far in 2020.
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