UOB offers preference shares
Billion-dollar offering may be a little late, as DBS and OCBC have tapped market already.
Thu, Aug 28, 2008
The Straits Times
AS ONE bank closes its preference share offering, another announces a new one, making it a total of four such offers in three months.
United Overseas Bank (UOB) announced yesterday that it will attempt to raise $1 billion through a preference share offering.
That will up the value of such share offers here to $5 billion since May.
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