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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item
Published on 10/14/2010 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Singapore's DBS Bank to use preference shares proceeds to redeem debt

By Angela McDaniels

Tacoma, Wash., Oct. 14 - DBS Bank Ltd. plans to redeem some outstanding tier 1 instruments callable in 2011 using the proceeds of an offering of preference shares, according to a bank news release.

The bank priced S$1.7 billion of 4.7% non-cumulative, non-voting preference shares (A3/A/A), which are callable beginning Oct. 22, 2020.

DBS Bank is a Singapore-based financial services group.


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