Hong Kong's Dah Sing Bank repurchases $70 million perpetual notes

New York, June 22 - Dah Sing Bank Ltd. said it bought back $70 million of its $200 million of perpetual subordinated notes.

The bank repurchased $58 million of the securities and canceled them on June 10 and a further $12 million that were canceled on June 17.

Following the transactions, Dah Sing has $130 million of the notes outstanding.

The issuer is Hong Kong-based financial institution.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.