DBS to redeem US$1 billion of 3.3% perpetuals on Feb 27
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DBS on Friday (Jan 10) announced that it will redeem all US$1 billion of its 3.3 per cent perpetual capital securities on Feb 27, the first call date of the securities.
The securities will be subsequently cancelled and delisted from the Singapore Exchange. The Monetary Authority of Singapore has approved the securities’ redemption, said DBS.
The securities will be redeemed at the optional redemption amount of US$1,000 per calculation amount with the distribution accrued.
The securities are part of the group’s US$30 billion global medium-term note programme.
Shares of DBS ended Monday down 0.1 per cent or S$0.06 at S$44.07.
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