May 25 (Reuters) - DBS Group Holdings Ltd DBSM.SI :
* Issue of AUD 750 million floating rate covered bonds by DBS Bank Ltd DBSM.SI
* Says covered bonds will bear a quarterly coupon of 3-month bbsw + 0.77%
* Says settlement date of the covered bonds is expected to be 3 June 2016
* The covered bonds are expected to be rated aaa by Fitch Australia Pty Ltd and AAA by Moody's Investors Services Inc
* Source text for Eikon ID:nSNZDrVs7