SINGAPORE, Dec 22 (Reuters) - Singapore's DBS Group <DBSM.SI>, Southeast Asia's biggest lender by assets, said on Monday it plans to raise about S$4 billion ($2.74 billion) through a rights offering to shore up its capital.
The bank will offer shareholders one new share for every two existing shares at S$5.42 apiece, which is a discount of about 45 percent to Friday's closing share price. DBS said it would lift a suspension on trading in its shares at 0600 GMT on Monday.
Singapore state investor Temasek [TEM.UL], DBS's largest shareholder with 27.6 percent, has agreed to subscribe for up to one-third of the rights issue, the bank said in a statement.
The bank also said its fourth quarter earnings could show a moderate decline from the third quarter, when it reported a 38 percent fall in quarterly net profit to S$379 million and said it would cut 900 jobs or 6 percent of its staff.
"The capital-raising exercise will further strengthen DBS' balance sheet at a time when investor preference globally has shifted in favour of banks with higher capital levels, especially core capital levels," the Singapore bank said.
It said its core Tier-1 capital will rise to 9.9 percent from 7.8 percent after the rights issue, while its Tier-1 ratio will increase to 11.8 percent from 9.7 percent.
DBS said it has initiated the fund raising "from a position of strength" and that its business continued to perform well despite the global economic downturn.
DBS raised S$1.5 billion in May through a sale of preference shares that paid investors 5.75 percent per annum.
The rate was higher than the 5.05-5.1 percent offered by rivals United Overseas Bank and Oversea-Chinese Banking Corp, which also sold preference shares to strengthen their capital around the same time. (
湛刚
DBS生蛋大甩卖，每股售价5.42元
星展集团宣布，以二配一售760,480,229附加股，每股售价为5.42元。
该售价比19日的最后交易价低约45%。集团将从售卖附加股中筹集40亿元。
（9。85*2+5。42）/3=8。37 -15%
银行的坏账呆账逐渐显现出来了，没有大股东的另外两家会推出什么样的promotion呢？
另外 指数对配股有没有做什么样的调整? 知道的同学说说？
SINGAPORE, Dec 22 (Reuters) - Singapore's DBS Group <DBSM.SI>, Southeast Asia's biggest lender by assets, said on Monday it plans to raise about S$4 billion ($2.74 billion) through a rights offering to shore up its capital.
The bank will offer shareholders one new share for every two existing shares at S$5.42 apiece, which is a discount of about 45 percent to Friday's closing share price. DBS said it would lift a suspension on trading in its shares at 0600 GMT on Monday.
Singapore state investor Temasek [TEM.UL], DBS's largest shareholder with 27.6 percent, has agreed to subscribe for up to one-third of the rights issue, the bank said in a statement.
The bank also said its fourth quarter earnings could show a moderate decline from the third quarter, when it reported a 38 percent fall in quarterly net profit to S$379 million and said it would cut 900 jobs or 6 percent of its staff.
"The capital-raising exercise will further strengthen DBS' balance sheet at a time when investor preference globally has shifted in favour of banks with higher capital levels, especially core capital levels," the Singapore bank said.
It said its core Tier-1 capital will rise to 9.9 percent from 7.8 percent after the rights issue, while its Tier-1 ratio will increase to 11.8 percent from 9.7 percent.
DBS said it has initiated the fund raising "from a position of strength" and that its business continued to perform well despite the global economic downturn.
DBS raised S$1.5 billion in May through a sale of preference shares that paid investors 5.75 percent per annum.
The rate was higher than the 5.05-5.1 percent offered by rivals United Overseas Bank and Oversea-Chinese Banking Corp, which also sold preference shares to strengthen their capital around the same time. (