Perpertual Securities again?

Perpertual Securities must be the latest "in" thing in SGX.

Genting - PROPOSED ISSUANCE OF SINGAPORE DOLLAR-DENOMINATED PERPETUAL SUBORDINATED CAPITAL SECURITIES 

http://info.sgx.com/webcorannc.nsf/AnnouncementLast3Months/437539A8F0980037482579AC00372AFC?opendocument