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Dear Mr Martin
I have some doubts on preference share, would be grateful if you can enlighten me. I understand that UOB 5.05 and OCBC 5.1 preference share may be redeemed this year. May I ask, usually how long before the callable date will they make it known to everyone whether they are going to redeem the preference share? 1 mth? few days? few mths or more? Do they usually make a clear statement that they will not be redeeming on the callable date if they dont wish to redeem it or announcements will only be made if its going to be redeemed on the callable date. I am not sure between UOB 5.05 and OCBC 5.1 which is more likely to be redeemed cos both are callable this year.
Hear from you. Thank you in advance.
Dear Nicholas,
you might want to read this article.
Prices of OCBC perpetual share issues diverge
I think the market has already priced it in.
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