AppId is over the quota
I was alerted this morning by a notice from DBS to redeem the 4.7% preference shares. It’s here. My first thoughts are that I haven’t even got the interest yet from the preference shares and now they are redeeming it?!
Upon closer examination, I realised that they are redeeming back another preference shares, one with the same coupon interest of 4.7% but not listed in mainboard SGX. This one that they are redeeming is the 250k per bond one.
A few issues:
1. In the prospectus for that preference shares, they noted that the first call date is 22-Oct-2020. Then of course, they also put in a clause that said that they can change the early redemption date under this nice technical name of “Change of Qualification Event”. And this notice posted by SGX is that such a change occured and they are now going to have an …
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