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I don' t think DBS will stop paying the obligatory coupons. But, with the current low interest rate environment,... it i not logical for it not to redeem but to extend and may need to pay a higher coupon, or perhaps commit to some other arrangements which may not be so favourable to the bank.
F1nGolf ( Date: 03-Apr-2020 22:48) Posted:
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| dbs 4.7% ncps is redeemable (callable) in 2020 (SGD 800m). Anyone think dbs will redeem this, and issue a cheaper ncps?? |
So today com A issues 2.098% notes but don't pay. Later. Can??
Yep. Any co can don't pay and no one can do anything?
Callable Nov 2020. DBS can still stop the dividends payout for May and Nov 2020 and they can also don' t execise the call back. Did I get this wrong?
john_ric ( Date: 03-Apr-2020 22:00) Posted:
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redeemable in 2020.
Quick poll - Do you think DBS would stop the dividend for 2020?
dbs 4.7% ncps vs OCC 5.1% ncps, which one is a better buy? i feel OCC5.1% is a better buy as its 101.6 currently vs 105 for DBS.
Occ i think its redeemable anytime around when dividend is payable (SGD1.5bil), while DBS is redeemable in 2020 (SGD 800m).
Anyone has any thoughts here?
Occ i think its redeemable anytime around when dividend is payable (SGD1.5bil), while DBS is redeemable in 2020 (SGD 800m).
Anyone has any thoughts here?
Did you consider its tier 1 status? Also do you think DBS will redeem it in 2020?
pnuklis ( Date: 16-Oct-2017 14:13) Posted:
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THere is no risk in premature redeemption because you sell at premium. Like I bought this on first offer and get assured return of 4.7% two times a year and the value also appriciates over time. You can sell this as a common stock in the market. These types of bonds from banks are safe bet as compared to Ezra type bonds.
off course safe..guaranteed by dbs..
whether u make money or not is the question..
whether u make money or not is the question..
john_ric ( Date: 16-Oct-2017 10:23) Posted:
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Info from DBS website states that it is not eligible to be tier 1 capital under Basel III but is tier 1 only under " transitional arrangements" . So although the NCPS is callable in 2020, I am wondering if it can be redeemed prematurely if it loses its tier 1 status.
the price is so high. if you buy now div of 1st two years will be used to pay the share premium.
gbleng ( Date: 15-Oct-2017 17:41) Posted:
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they cannot redeem until 2020 if i am not wrong.
why is dbs priced so much higher than occ 5.1%? i know that OCC is redeemable at every dividend date now, but the outstanding is 1.5bil and OCBC just raised 500m @3.8% in 2015....so they definitely need funds
anyone having any thoughts there?
why is dbs priced so much higher than occ 5.1%? i know that OCC is redeemable at every dividend date now, but the outstanding is 1.5bil and OCBC just raised 500m @3.8% in 2015....so they definitely need funds
anyone having any thoughts there?
have u read the prospectus??
gbleng ( Date: 15-Oct-2017 17:41) Posted:
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Anyone can advise if this is a safe instrument? What' s the risk of premature redemption by DBS?