Oct 14 (Reuters) - DBS (DBSM.SI), Southeast Asia's biggest bank, plans to sell at least S$500 million ($384 million) in Tier 1 preference shares to replace an existing series callable in 2011, sources told Reuters on Thursday. The preference shares, which rank below senior debt and is not considered as core equity, will be denominated in Singapore dollar, according to a term sheet seen by Reuters. Full story
DBS to sell tier 1 preference shares - term sheet
Reuters, 14 Oct 2010
Oct 14 (Reuters) - DBS (DBSM.SI), Southeast Asia's biggest bank, plans to sell at least S$500 million ($384 million) in Tier 1 preference shares to replace an existing series callable in 2011, sources told Reuters on Thursday. The preference shares, which rank below senior debt and is not considered as core equity, will be denominated in Singapore dollar, according to a term sheet seen by Reuters. Full story
Oct 14 (Reuters) - DBS (DBSM.SI), Southeast Asia's biggest bank, plans to sell at least S$500 million ($384 million) in Tier 1 preference shares to replace an existing series callable in 2011, sources told Reuters on Thursday. The preference shares, which rank below senior debt and is not considered as core equity, will be denominated in Singapore dollar, according to a term sheet seen by Reuters. Full story