DBS to increase tier 1 capital with hybrid equity issue

Bank capital securities are capturing the attention of Asia''s higher rated banks, with DBS, Maybank and OCBC all preparing to bring deals over the next couple of months.

In what is being viewed as the precursor to a major acquisition, DBS is planning to launch the first non-cumulative tier 1 perpetual issue by an Asian bank. While Siam Commercial Bank has previously recapitalized itself using tier 1 capitalĀ in the form of a preferred shares convertible into common shares and warrants, DBS's prospective transaction will rank as a hybrid of debt and equity.

The Aa2A rated credit has mandated its house banksĀ Goldman...

To continue reading, please login or register for free

Click for more on: dbs | increase | tier | capital | hybrid | equity | issue

Print Edition

FinanceAsia Print Edition