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?
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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