DBS is offering $500 million of preference shares to retail investors. The details are as follow.Dividend rate : 4.7 % per annum
Dividend payable rate : 22 May and 22 November of every year
Redemption date: May be redeemed by DBS 10 years after the issue
Type: Non-cumulative, non-convertible and non-voting
You may want to take a look at a previous post that I written on preference shares here.
The timeline of events for this tranche of preference shares are as follow.
Lodgment of Offer Information Statement : November 10, 2010
Opening date and time for the Offer : November 10, 2010 at 2.00 p.m.
Opening date and time for the Public Offer : November 11, 2010 at 9.00 a.m.
Last date and time for applications for the Preference Shares under the Public Offer : November 18, 2010 at 12.00 noon
Closing date and time for the Offer : November 18, 2010 at 12.00 noon
Balloting of applications under the Public Offer, if necessary. Commence returning or refunding of application moneys to unsuccessful or partially successful applicants under the Public Offer: November 19, 2010
Issue Date of the Preference Shares : November 22, 2010
Date of commencement of trading of the Preference Shares on the Main Board of the SGX-ST: November 23, 2010
You can apply for the preference shares thorough the ATMs of the 3 local banks or by using the internet banking facility of DBS. The Offer Information Statement is available here.
Lodgment of Offer Information Statement : November 10, 2010
Opening date and time for the Offer : November 10, 2010 at 2.00 p.m.
Opening date and time for the Public Offer : November 11, 2010 at 9.00 a.m.
Last date and time for applications for the Preference Shares under the Public Offer : November 18, 2010 at 12.00 noon
Closing date and time for the Offer : November 18, 2010 at 12.00 noon
Balloting of applications under the Public Offer, if necessary. Commence returning or refunding of application moneys to unsuccessful or partially successful applicants under the Public Offer: November 19, 2010
Issue Date of the Preference Shares : November 22, 2010
Date of commencement of trading of the Preference Shares on the Main Board of the SGX-ST: November 23, 2010
You can apply for the preference shares thorough the ATMs of the 3 local banks or by using the internet banking facility of DBS. The Offer Information Statement is available here.
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