DBS to Redeem US$1 Billion of Perpetual Capital Securities
DBS announced on Friday (Jan 10) that it will redeem all US$1 billion of its 3.3 per cent perpetual capital securities on February 27, the first call date of the securities.
Redemption Details
The securities will be redeemed at the optional redemption amount of US$1,000 per calculation amount with the distribution accrued.
Approval and Delisting
The Monetary Authority of Singapore has approved the securities’ redemption, said DBS. The securities will be subsequently cancelled and delisted from the Singapore Exchange.
Programme Details
The securities are part of the group’s US$30 billion global medium-term note programme.
Stock Performance
Shares of DBS ended Monday down 0.1 per cent or S$0.06 at S$44.07.
Conclusion
DBS has announced the redemption of its US$1 billion perpetual capital securities, which will be redeemed at the optional redemption amount of US$1,000 per calculation amount with the distribution accrued. The securities will be cancelled and delisted from the Singapore Exchange after the redemption.
FAQs
Q: What is the redemption amount of the perpetual capital securities?
A: The redemption amount is US$1,000 per calculation amount with the distribution accrued.
Q: What is the date of the first call date of the securities?
A: The first call date is February 27.
Q: Will the securities be delisted from the Singapore Exchange?
A: Yes, the securities will be subsequently cancelled and delisted from the Singapore Exchange after the redemption.
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