On 17 February, DBS Bank Australia Branch (DBS Australia) (AA-/Aa1/AA-) revealed it plans to meet Australian investors during the week of 20 February in relation to a potential Australian dollar deal. According to KangaNews data, if a transaction follows it will be DBS’s debut domestic deal in Australia. DBS has previously issued in Kangaroo format, most recently printing a A$750 million (US$577 million) three-year covered bond in May last year.