DBS Group (SGX:D05) said it will redeem its outstanding $1.0 billion worth of 3.30% perpetual capital bonds on Feb. 27, according to a filing with the Singapore Exchange on Friday.
The bonds are part of the group's $30.0 billion global medium-term bond program.
The securities will be redeemed at the optional redemption amount of $1,000 per calculation amount with the distribution accrued.
The bonds will be canceled and delisted from the Singapore Exchange Securities Trading following the redemption.
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