Read? DBS to sell preference shares to retail investors
It should be read as "DBS is replacing DBS 6% NCPS with DBS 4.7% NCPS".
High chance that most current holders of DBS 6% NCPS will take up DBS 4.7%. In another word, DBS is refinancing its long-term debt at a lower rate so it is positive for the mother share.
At today closing at $14.04, current DBS dividend yield is about 4%. So does it still make sense to take up DBS 4.7% NCPS?
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
-
One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
10 months ago
I will take back my money from DBS NCPS 6% next year. 10 years just went by so quickly. I still remember how I queued at the ATM to apply for it.
ReplyDeleteI won't bother to apply for DBS NCPS 4.7%. I can get better returns elsewhere. :)
I think DBS ordinary share has more liquidity n room for capital gain. :)
ReplyDeleteOdie