DBS Bank has mandated Barclays, DBS Bank, Deutsche Bank and Societe Generale CIB to arrange a series of fixed income investor meetings from Friday for a sterling covered bond.

The proposed transaction will be the second offshore covered deal from the bank after it priced Singapore's first such offering in July, a $1 billion three-year bond that priced at 37bp over mid-swaps.

The bank's dollar debut was rated Aaa/AAA/AAA and was issued from a $10 billion multicurrency programme.