DBS Bank Ltd
Indicative
Full Lot
Indicative price as of 02 Oct 2026, 4:33pm
Bond Issuer
DBS Bank Ltd
Guarantor
Bayfront Covered Bonds Pte. Ltd.
Announcement Date
18 Aug 2025
Issue Date
28 Aug 2025
Maturity Date
28 Aug 2028
Years to Maturity / Next Call
1.903 / -
Modified Duration
1.792 @ 02 Oct 2026
Issue / Reoffer Price
100.000
Issue / Reoffer Yield
3.989
Coupon Type
Fixed
Annual Coupon Rate
3.989
Coupon Frequency
Semi Annually
Seniority
Secured
Capital Structure
Secured
Reference Rate
From Issue Date to (excluding) Maturity Date:3.989% p.a.
From Maturity Date to but excluding the Extended Due for Payment Date: SOFR MS Rate + 0.55% p.a.
ISIN
XS3162353877
CUSIP
YL3963615
Bond Currency
USD
Total Issue Size
2,000,000,000
Min. Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Type
Corporate
Bond Sector
Financials
Bond Sub Sector
Banks
Issuer Credit Rating (S&P/ Fitch)
***/ AA-
Bond Credit Rating (S&P/ Fitch)
***/ AAA
Shariah Compliant
No
Exchange Listed
SGX
The applicable Pricing Supplement may also provide that the Covered Bond Guarantor’s obligations under the Covered Bond Guarantee to pay the Guaranteed Amounts corresponding to the Final Redemption Amount of the applicable Series of Covered Bonds on their Maturity Date (subject to applicable grace periods) may be deferred until the Extended Due for Payment Date. In such case, such deferral will occur automatically if the Issuer fails to pay the Final Redemption Amount of the relevant Series of Covered Bonds on their Maturity Date (subject to applicable grace periods) and if the Guaranteed Amounts equal to the Final Redemption Amount in respect of such Series of Covered Bonds are not paid in full by the Covered Bond Guarantor by the Extension Determination Date (for example, because the Covered Bond Guarantor has insufficient monies to pay in full the Guaranteed Amounts corresponding to the Final Redemption Amount in respect of the relevant Series of Covered Bonds after payment of higher ranking amounts and taking into account amounts ranking pari passu in the Guarantee Priority of Payments). To the extent that the Covered Bond Guarantor has received a Notice to Pay in sufficient time and has sufficient monies to pay in part the Final Redemption Amount, such partial payment shall be made by the Covered Bond Guarantor on any Interest Payment Date up to and including the relevant Extended Due for Payment Date as described in Condition 5(a). Interest will continue to accrue and be payable on the unpaid amount up to the Extended Due for Payment Date in accordance with Condition 4 (Interest and other Calculations) and the Covered Bond Guarantor will make payments of Guaranteed Amounts constituting Scheduled Interest on each relevant Due for Payment Date and Extended Due for Payment Date. The Extended Due for Payment Date if applicable in respect of a Series of Covered Bonds will be specified in the applicable Pricing Supplement.
Extended Due for Payment Date: [28] August 2029
Cash Flow Information