DBS has raised over S$1 billion from its DBS Global Income Note in the three months since its January launch with strong interest from its private banking clients, South-east Asia's largest lender announced on Friday.
The open-ended note references the DBS Global Income Portfolio, a globally diversified and equally weighted portfolio of at least 100 mostly investment-grade bonds, across various geographies and sectors. The DBS Global Income Note is available to accredited investors from DBS Private Bank and DBS Treasures Private Client. The minimum investment sum is US$50,000 or S$100,000. In comparison, the minimum trade size for a single non-retail bond stands at S$250,000.
"Demand for the DBS Global Income Note has been exceedingly strong... We structured the DBS Global Income Note to address income investors' need for greater stability and certainty by providing access to a highly diversified fixed income portfolio, for a relatively small investment amount."
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