Martin Lee @ Sg
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Extension of NTUC Capital Plus

NTUC Income has increased their tranche of Capital Plus (CPN16) and will be extending the offer of this plan till 21st December 2009 (next monday).

They will provide guaranteed acceptance for any application that reaches their office by 21st December, 5.00pm.

Looks like demand for these kinds of product seems to be tapering down.

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5 comments
Intheknow says 14 years ago

don’t think of financial institutions as your friends..

if a product is GOOD for consumer (that means bad for bank), they will close it quickly. I think some remember the HS*C promotion where they closed a fixed deposit promotion within 1 day?

if a product is BAD for consumer (meaning bank is making a lot from it), they will extend the closing date as much as possible!!!!

Reply
    lioninvestor says 14 years ago

    Warren Buffett once said that the best investment ideas are found, not sold, so…..

    Reply
VSL says 14 years ago

Hi LI,

You say that NTUC Income has inceased the tranche size. That would mean that the original tranche is over-subscribed, implying that demand was heavy. Why then do you say that demand is faltering? Tks.

Reply
    lioninvestor says 14 years ago

    Hi VSL,

    The earlier tranche was of a bigger size and sold out within the first week, way before the stipulated closing date. Comparatively, demand for this tranche was not as “hot”.

    Reply
Intheknow says 14 years ago

1.6% p.a. for a 2 year term..

WHAT A JOKE.

Reply
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