
DBS gets its $800 milion injection
Singapore's local bank had no problem raising the $800 million in preference shares. According to a company statement, allocation of the 4.70% non-cumulative, non-convertible, and non-voting preference shares went as follows: the The Public Offer, the Placement and the Reserve Offer accounted for SGD 550 million, SGD 205 million and SGD 45 million respectively of the total Offer size of SGD 800 million.