DBS to redeem all S$800m in preference shares

Singapore

DBS on Tuesday announced that it will redeem all of its S$800 million outstanding preference shares on Nov 23.

The redemption price will be an amount equal to the liquidation preference of S$100 per preference share, together with any accrued but unpaid dividends - whether or not declared - to (but excluding) the redemption date, said the lender in a regulatory filing.