Do you know when DBS is going to call out preferential stock DBS Bk 4.7% NCPS? - Seedly
 

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Asked by Anonymous

Asked 2w ago

Do you know when DBS is going to call out preferential stock DBS Bk 4.7% NCPS?

Which platform should we follow to get first-hand information?

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Chong Ser Jing
Chong Ser Jing
Level 5. Genius
Answered 2w ago

Hello! It seems like you're referring to the following preferred shares issued by DBS: https://secure.fundsupermart.com/fsm/bonds/factsheet/SG2C54964409/DBSSP-4-700-Perp-Callable-2020-Pref-SGD-Retail

Am I right? If I'm right, then this particular preferred share issue can only be called back (or redeemed) by DBS on or after 22 November 2020. DBS has the right to choose when it wants to call back the preferred shares after the aforementioned date - meaning there is no guarantee that DBS will ever call back the preferred shares.

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Question Poster

2w ago

Yes it is the one that I’m referring to. So it wont be redeemed at least till 22 Nov 2020. It still have 1 year to go. However , I’m wondering why the face value or market value drop so much from beginning of this year. Thanks for the answer though.