POST-TRANSACTION PAYMENT ENABLEDBOND COMPLEXITY : HIGHISIN: XS3423982605
DBSSP 4.486% 29Jun2029 Corp (USD)
DBS BANK LTD
Indicative Bid Price
100.269
Bid Yield to Maturity
4.388%
Min. Investment (Nominal)
200000
Indicative Ask Price
100.383
Ask Yield to Maturity
4.347%
Maturity Date
28 Jun 2029
Credit Rating (Bond)
AAA
High Investment Grade
Seniority
Secured
Investor Profile
Stable Income Seeker
Chart
Created with Highcharts 9.3.2Bid Yield to MaturityAsk Yield to Maturity22. Jun23. Jun24. Jun25. Jun26. Jun27. Jun28. Jun29. Jun30. Jun1. Jul2. Jul4.254.34.354.44.454.5FSM Global
Bond Information
DBS Bank Ltd. operates as a bank. The Bank offers wealth management, personal, and business banking services. DBS Bank serves customers worldwide.
Bond Issuer
DBS Bank Ltd
Guarantor
Bayfront Covered Bonds Pte. Ltd.
Announcement Date
21 Jun 2026
Issue Date
28 Jun 2026
Maturity Date / Next Call Date
28 Jun 2029 (Maturity Date)
Years to Maturity / Next Call
2.987 / -
Issue/Reoffer Price
100.000
Issue/Reoffer Yield
4.486
Coupon Type
Fixed
Annual Coupon Rate (%)
4.486
Annual Coupon Frequency
Semi Annually
Seniority
Secured
Exchange Listed
SGX
Reference Rate
-
ISIN
XS3423982605
CUSIP
DM1937273
Bond Currency
USD
Total Issue Size
USD 2,000,000,000
Minimum Investment Quantity (Nominal)
USD 200,000
Incremental Quantity (Nominal)
USD 1,000
Bond Registration
Wholesale
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
W-8BEN Declaration needed 
No
Bond Feature(s)
Extended Due for Payment Date of Guaranteed Amounts corresponding to the Final Redemption Amount under the Covered Bond Guarantee:

Interest Payment Date falling on or nearest to 29 June 2030 In accordance with the Conditions and this Pricing Supplement, if the Issuer fails to pay the Final Redemption Amount of the relevant Series of Covered Bonds on the Maturity Date (subject to applicable grace periods) and if the Guaranteed Amounts equal to the Final Redemption Amount of the Covered Bonds are not paid in full by the date falling two Business Days after the expiry of 14 days starting on (and including) the Maturity Date (the “Extension Determination Date”), then payment of the unpaid amount pursuant to the Covered Bond Guarantee shall be automatically deferred (without a Covered Bond Guarantor Event of Default occurring as a result of such nonpayment) and shall be due and payable on the Extended Due for Payment Date (subject to any applicable grace periods), all in accordance with the Conditions
Price History
(Daily prices for the last 3 months), if you wish to view more than 3 months price history you may export the file
DATE
BID PRICE
ASK PRICE
ASK YIELD (MATURITY)
02 Jul 2026100.269100.3834.347
01 Jul 2026100.209100.3234.369
30 Jun 2026100.214100.3244.369
29 Jun 2026100.457100.5514.288
28 Jun 2026100.413100.5264.297
25 Jun 2026100.402100.5234.298
24 Jun 2026100.258100.3764.351
23 Jun 2026100.147100.2404.400
21 Jun 2026100.000100.0004.486
Total of 9 entries
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FSM Global strives to ensure the accuracy and relevance of the information provided here. If the information is not up-to-date or erroneous, we appreciate feedback to keep it accurate.
Credit Rating

There are no credit rating changes for this bond for the past 3 years.

Related Documents
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Offering Circular
USD 20,000,000,000 Global Covered Bond Programme unconditionally and irrevocably guaranteed as to payments of interest and principal by Bayfront Covered Bonds Pte. Ltd..Offering Circular dated 13 March 2026.
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Pricing Supplement
Issue of USD2,000,000,000 4.486 per cent. Covered Bonds due 2029 under the USD20,000,000,000 Global Covered Bond Programme. Pricing Supplement dated 22 June 2026.
Related Bonds
BOND NAME

ISSUER

MATURITY DATE / NEXT CALL DATE
ASK PRICE
ASK YTM / YTW
BOND CREDIT RATING (S&P/FITCH)
action
DBSSP 3.989% 28Aug2028 Corp (USD) Classified as SIP

DBS Bank Ltd

 27 Aug 2028 99.347 4.309% p.a. ***/AAA
TRANSACT
Total of 1 entries
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FSM's Fees
For more information, please refer to the Pricing Structure
For each Buy & Sell Order (Retail^, Wholesale, Bond Express)
Processing Fee
0.35% / Min. SGD 10*
Platform Fee
0.05% per quarter
Other Charges
Goods & Services Tax (GST)
9% (GST is applicable to Singaporean residents on FSM’s fee)
Order Processing Time
Buy Wholesale Bonds / SGS Bonds / Retail (All payment type)
Generally T+2 business days upon payment clearance
Sell Wholesale Bonds / SGS Bonds / Retail Bonds
Generally T+2 business days (Redemption proceeds will be credited on next day)
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Remark

  1. *Processing fee is subjected to a minimum of SGD 10 (or in its equivalent currency).
  2. ^ For the purchase of the Retail Bonds, FSM Global will be absorbing SGX related Charges, till further notice.
  3. T = Transaction Date
    The Order processing time refers to the order completion and reflected in your account.
    ^The Purchase date will be based on T date

Platform Charge
  1. For the purpose of benefiting from lower rates based on higher investment holding tiers, the effective platform fee rate is based on the total combined holdings of all FSM accounts under main account holder (including beneficiary accounts), while Stock / ETF / Cash Account holdings are excluded from the combined holdings amount.
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Note
  1. All fees and commission quoted are exclusive of Goods and Services Tax (GST).
  2. Platform fee is charged for funds / bonds investments (excluding CPF holdings). The fee is accrued daily, calculated based on the daily average market value of the total Assets Under Administration (AUA) and deducted on a quarterly basis.

Potential Income Explained
EDIT
Est. Payable Amount
USD 201,927.76
Years to Maturity
2 years 11+ months
Est. Total Income
USD 26,916.00
Yield to Maturity
3.990%
Indicative Cash Flow
Nominal Value
USD 200,000.00
  • 2029
    Jun
    Coupon
    USD 4,486.00
    Maturity
    USD 200,000.00
  • 2028
    Dec
    Coupon
    USD 4,486.00
  • Jun
    Coupon
    USD 4,486.00
  • 2027
    Dec
    Coupon
    USD 4,486.00
  • Jun
    Coupon
    USD 4,486.00
Disclaimer: Cash flow calculations are computed based on current coupon rate till next possible call or maturity date. Figures reflected are indicative and subjected to changes in case of any corporate actions.
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