DBS is offering $500 million of preference shares to retail investors. The details are as follow.



Dividend rate : 4.7 % per annum
Dividend payable rate : 22 May and 22 November of every year
Redemption date: May be redeemed by DBS 10 years after the issue

Type: Non-cumulative, non-convertible and non-voting
You may want to take a look at a previous post that I written on preference shares here.
The timeline of events for this tranche of preference shares are as follow.
Lodgment of Offer Information Statement : November 10, 2010
Opening date and time for the Offer : November 10, 2010 at 2.00 p.m.
Opening date and time for the Public Offer : November 11, 2010 at 9.00 a.m.
Last date and time for applications for the Preference Shares under the Public Offer : November 18, 2010 at 12.00 noon
Closing date and time for the Offer : November 18, 2010 at 12.00 noon
Balloting of applications under the Public...