“You can get ripped off easier by a dude with a pen than you can by a dude with a gun” – Bo Diddely Last year, I have already expressed my deep concern for retail investors as they do not know what they were getting into. People were chasing so called yield investment such as […]
OCBC Bank Another $1b Preference Share Sale
OCBC Bank plans to sell $1 billion worth of preference shares to major investors in the next few days to shore up liquidity. The last issue was in July 2008 and August 2008, right before global financial crisis. The bank will be offering a coupon rate at 4% that will be paid twice-yearly. The payout […]
Understand the risks before you subscribe DBS Preference Shares
Some of my clients are excited about DBS Preference Share recently and they are asking for my opinion. After talking to them, I realized that most of them might have a wrong impression about what is being offered. Some backgrounds, DBS is offering as much as S$500 million preference shares to retail investors with a […]
UOB Preference Shares Public Offer
For those who missed out on the OCBC 5.1% Preference Shares balloting, UOB has announced ytd to launch their own Preference Shares issue at 5.05%. The concept and risk is basically. The summary as below:- UOB fixed dividend yield is 5.05% payable semi-annually on 15 March and 15 September each year, subject to declaration by […]
OCBC Preference Shares Re-Launched
OCBC has launched the Preference Shares placement again, with overwhelming response in June issue. The dividend rate is fixed at the same 5.1% per year for 1st 10 yrs and subsequently floating rate thereafter. The Offering will be made by way of a Placement and an ATM Offer, which will open from 9.00 a.m. on […]
OCBC offers S$1b preference shares to retail and institutional investors
OCBC Bank is offering S$1 billion worth of preference shares that will pay a fixed annual dividend of 5.1 percent. The move is a bid by the lender to strengthen its Tier 1 capital base. The bank says up to 9.5 million shares at S$100 each will be allocated to institutional and retail investors. Another […]