Banks Preference Shares

Updated Nov 2010

Came across this information on the 3 local banks preferred shares offering:

	UOB Non-Cumulative Non-Convertible preference shares	OCBC Non-Cumulative Non-Convertible	DBS Non-Cumulative Non-Convertible 2010	DBS Non-Cumulative Non-Convertible
Issue Date	09/15/2008	08/27/2008	11/22/2010	05/28/2001
Maturity	Perpetual	Perpetual	Perpetual	Perpetual
Redemption	15 September 2013, 15 September 2018 and thereafter, on each dividend payment date	20 September 2018 and thereafter, on each dividend date	On/After 15 May 2011	22 Nov 2020
Dividend Rate	5.05%	5.1% up to 20 Sept 2018, thereafter 3-Month Singapore Swap Offer Rate + 2.5%	4.7%	6.0% up to 15 May 2011, thereafter 3-Month SIBOR + 2.28%

Original post can be found here.

To find out the 3-Month SIBOR, check out the link in the right panel.

Details of other OCBC Preference Shares (http://www.ocbc.com/global/investorrelations/Gco_Inv_PrefShareBond.shtm):

OCBC Class B 5.1% Non-Convertible Non-Cumulative Preference Shares Level (Currency) Shares Issued Issue Price Issue Date Listing Date (SGX) Liquidation Preference Tier 1 (SGD) 10,000,000 S$100 each 29 July 2008 30 July 2008 S$100 Maturity Dividend Payment Dates Credit Ratings Perpetual 5.1% p.a. (net) 20 June & 20 December Moody's A3 Fitch A S&P A- Redemption OCBC Bank may, at its option, redeem in whole, but not in part, the Preference Shares on: 1.  29 July 2013 2.  On each dividend date after 29 July 2013

OCBC Class E 4.5% Non-Convertible Non-Cumulative Preference Shares Level (Currency) Shares Issued Issue Price Issue Date Listing Date (SGX) Liquidation Preference Tier 1 (SGD) 5,000,000 S$100 each 28 January 2003 31 July 2003 S$100 Maturity Dividend Payment Dates Credit Ratings Perpetual 4.5% p.a. (net) 20 June & 20 December Moody's A3 Fitch A S&P A- Redemption OCBC Bank may, at its option, redeem in whole, but not in part, the Preference Shares on: 1.  28 January 2008 2.  28 January 2013 3.  On each dividend date after 28 January 2013

OCBC Class G 4.2% Non-Convertible Non-Cumulative Preference Shares Level (Currency) Shares Issued Issue Price Issue Date Listing Date (SGX) Liquidation Preference Tier 1 (SGD) 245,830,884* S$0.995 14 July 2003 21 July 2003 S$1.00 Tier 1 (SGD) 150,000,000** S$1.0027 6 August 2003 7 August 2003 S$1.00 Maturity Dividend Payment Dates Credit Ratings Perpetual 4.2% p.a. (net) 20 June & 20 December Moody's A3 Fitch A S&P A- Redemption OCBC Bank may, at its option, redeem in whole, but not in part, the Preference Shares on: 1.  14 January 2009 2.  14 July 2013 3.  On each dividend date after 14 July 2013 * Issued to OCBC stockholders who opted to receive these preference shares in lieu of a special cash dividend ** Issued by way of private placement

OCC 3.93% Non-Convertible Non-Cumulative Guaranteed Preference Shares Level (Currency) Number of Shares Issued Issue Price Issue Date Listing Date (SGX) Liquidation Preference Tier 1 (SGD) 4,000,000 S$100 2 February 2005 3 February 2005 S$100 Dividend Payment Dates  Before 20 March 2015: 3.93% p.a. Thereafter: 3-Month Singapore Swap Offer Rate plus 1.85% On/Before 20 March 2015: 20 March & 20 September Thereafter: 20 March , 20 June, 20 September & 20 December Issuer Guarantor Maturity Credit Ratings OCBC Capital Corporation# OCBC Bank Perpetual Moody's A3 Fitch A S&P A- Redemption OCBC Bank may, at its option, redeem in whole, but not in part, the Preference Shares on: 1.  20 March 2015 2.  On each dividend date after 20 March 2015 # Wholly-owned subsidiary of OCBC Bank

OCBC 7.75% Subordinated Notes due 2011 Level (Currency) Amount Issued Issue Price Interest Payment Date Issue Date Upper Tier 2 (USD) US$1.25 billion 99.794% 7.75% 6 March & 6 September 6 July 2001 Maturity Date In Issue Cancelled Credit Ratings 6 September 2011 US$1.25 billion - Moody's A1 Fitch A S&P A-

OCBC 7.25% Subordinated Notes due 2011 Level (Currency) Amount Issued Issue Price Interest Payment Date Issue Date Upper Tier 2 (€) €400 million 99.614% 7.25% 6 September 6 July 2001 Maturity Date In Issue Cancelled Credit Ratings 6 September 2011 €372 million €28 million Moody's A1 Fitch A S&P A-

OCBC 5.00% Subordinated Notes due 2011 Level (Currency) Amount Issued Issue Price Interest Payment Date Issue Date Upper Tier 2 (SGD) S$1 billion 100% 5.00% 6 March & 6 September 6 July 2001 Maturity Date In Issue Cancelled Credit Ratings 6 September 2011 S$265 million S$735 million Moody's A1 Fitch A S&P A-

OCBC 3.78% Subordinated Notes due 2017 Callable with Step-up in 2012 Level (Currency) Amount Issued Issue Price Issue Date Maturity Date Lower Tier 2 (SGD) S$225 million 100% 28 November 2007 28 November 2017 Interest Payment Date Credit Ratings  Before 28 November 2012: 3.78% Thereafter: 3-Month Singapore Swap Offer Rate plus 1.72% 28 May & 28 November Moody's Aa2 Fitch A+ S&P A

OCBC 5.60% Subordinated Notes due 2019 Callable with Step-up in 2014 Level (Currency) Amount Issued Issue Price Issue Date Maturity Date Lower Tier 2 (SGD) S$712 million 100% 27 March 2009 27 March 2019 Interest Payment Date Credit Ratings Before 27 March 2014: 5.6% p.a. Thereafter: 7.35% p.a. 27 March & 27 September Moody's Aa2 Fitch A+ S&P A

OCBC 4.60% Subordinated Notes due 2018 Callable with Step-up in 2013 Level (Currency) Amount Issued Issue Price Issue Date Maturity Date Lower Tier 2 (RM) RM 1 billion 100% 27 March 2008 27 March 2018 Interest Payment Date Credit Ratings Before 27 March 2013: 4.6% p.a. Thereafter: 5.6% p.a. 27 March & 27 September Moody's Aa2 Fitch A+ S&P A MARC AAA

OCBC 4.60% Subordinated Notes due 2018 Callable with Step-up in 2013 Level (Currency) Amount Issued Issue Price Issue Date Maturity Date Lower Tier 2 (RM) RM600 million 100% 6 June 2008 6 June 2018 Interest Payment Date Credit Ratings Before 6 June 2013: 4.6% p.a. Thereafter: 5.6% p.a. 6 June & 6 December Moody's Aa2 Fitch A+ S&P A MARC AAA

OCBC 4.25% Subordinated Notes due 2019 Callable with Step-up in 2014 Level (Currency) Amount Issued Issue Price Issue Date Maturity Date Lower Tier 2 (USD) US$500 million 99.889% 18 November 2009 18 November 2019 Interest Payment Date Credit Ratings Before 18 November 2014: 4.25% p.a. Thereafter: fixed rate equal to the relevant 5-year US Treasury benchmark rate plus 2.997% 18 May & 18 November Moody's Aa2 Fitch A+ S&P A