DBS to redeem US$1 billion of 3.3% perpetuals on Feb 27
Add BT as a preferred source
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.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
