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

Asked on 07 Nov 2019

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 6. Master
Answered on 07 Nov 2019

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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šŸ‘ 2
Question Poster

07 Nov 2019

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