The ATM application for the $50 million second tranche of OCBC preference shares opens from 9am today until noon on 28th July. You can apply for them through the ATM of the 3 local banks – DBS, UOB and OCBC.
Each application requires a minimum subscription of 200 shares priced at $100 each. Additional shares are in multiplies of 100.
Unlike the first tranche which was on a first-come-first-served basis, this ATM tranche will be allocated by balloting if the total subscription exceeds 500,000 shares. That means you do not need to rush down to an ATM machine to apply at 9am today.
However, if you are interested in applying for the shares, it is wise not to wait too long as OCBC might close the tranche anytime if overwhelming demand is received.