Ownself clear ownself: MAS says DBS was above proper in sales of Hyflux perpetual sec

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Ownself clear ownself: MAS says DBS was above proper in sales of Hyflux perpetual sec

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08-04-2019, 02:50 PM

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Ownself clear ownself: MAS says DBS was above proper in sales of Hyflux perpetual sec

An honorable member of the Coffee Shop Has Just Posted the Following:

SINGAPORE - The Monetary Authority of Singapore said on Monday morning (April 8) that its supervisory reviews to date have not uncovered any impropriety on the part of DBS in performing its roles as both issue manager and distributor of Hyflux perpetual securities in 2016.

DBS was the sole lead manager and bookrunner of Hyflux's issue of $500 million, 6 per cent perpetual securities on May 27, 2016.

The issue was for the purpose of redeeming the $475 million...

Ownself clear ownself: MAS says DBS was above proper in sales of Hyflux perpetual securities in 2016

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