Preference Shares

DBS Bank 4.7% Non-Cumulative, Non-Convertible, Non-Voting Preference Shares
Listed SGX
Shares Issued 8,000,000
Issue Price S$100 per share
Issue Date/Listing Date 22 November 2010
Liquidation Preference S$100 per share
Maturity Perpetual
Dividend 4.70% of Liquidation Preference p.a.
Payment Dates Semi-annual: 22 May and 22 November
Credit Rating BBB+ by S&P, A3 by Moody's, A by Fitch
Redemption The preference shares may be redeemed, at the option of DBS Bank, on or after 22 November 2020 at an amount equal to the Liquidation Preference.

The preference shares may also be redeemed, at the option of DBS Bank, in the circumstances of a “Tax Event” or “Special Event”.

Please refer to the attachment for more information.
Attachment Pg 7-16 of prospectus
View DBS
Annual Report
Stock Price
Credit Ratings
(last updated 10 Apr 2012)

Moody's

(Ratings on review for downgrade)
Long-term
issuer rating		 Aa1
Short-term
issuer rating		 P-1
Financial strength B
Long-term outlook Stable
Preferred stocks A3
Subordinated A1/Aa2
Financial Calendar
Dividend History
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