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What Exactly Are Preference Shares?
Based on the questions received from my previous post on the OCBC preference shares, I think it will be good for me to elaborate more on what preference shares or preferred shares really are. Preference shares really behave more like a bond than normal shares. Let’s first look at what a normal share is. A […]
OCBC Preference Shares Details
There has been considerable interest in the preference shares offered by OCBC, so I thought I’ll post some of the details here. OCBC Preference Shares Offering Price : S$100 per share Total number of shares : 10 million Value : S$1 billion Dividend yield : fixed at 5.1% p.a. Credit rating : Aa3 from Moody, […]