Preference Shares
DBS Bank 6% Non-Cumulative Non-Convertible Perpetual Preference Shares
| |
| Listed
|
SGX |
| Shares Issued
|
11,000,000 |
| Issue Price
|
S$100 per share |
| Issue Date/Listing Date
|
28 May 2001 |
| Liquidation Preference
|
S$100 per share |
| Maturity
|
Perpetual |
| Dividend |
Before/On 15 May 2011: 6% gross of Liquidation
Preference p.a.
After: 3-month SOR + 2.28%
|
| Payment Dates |
Before/On 15 May 2011: 15 May and 15 November
After: 15 February, 15 May, 15 August and 15 November
|
| Credit Rating |
Aa3 by Moody’s
|
| Redemption |
The preference shares may be redeemed, at the
option of DBS Bank, on or after 15 May 2011 at an amount equal to the
Liquidation Preference.
The preference shares may also be redeemed, at the option of DBS Bank,
in the circumstances of a “Tax Event” or “Special Event”.
Please refer to the attachment for more information.
|
| Attachment |
Pg 15-22 of prospectus |