DBS announced the offering of around $800 million worth of new DBS preference shares to small and retail investors. This is the first time in the past 9 years that DBS gives this kind of an offer.
The payout is only 4.7% which is a bit less impressive but there are indeed advantages too.
As it is a preference share, the issuer is not bound to pay dividend which is the scary side of this deal.
The offer closes on November Read more...
tags: dbs preference shares, dbs preference shares prospectus, preference shares, sharejunction
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