DBS prices first SORA-based floating rate notes

Submitted By:  Staff Reporter Case Study:  No The notes have a notional amount of $20m (US$14m). DBS has priced the first Singapore Overnight Rate Average (SORA)-referenced floating rate notes under its $42.5b (US$30b) Global Medium-Term Note Programme, according to a news release. The issuance supports the Association of Banks in Singapore and the Singapore Foreign Exchange Market Committee (ABS-SFEMC) roadmap for the development of SORA-based markets. read more