As expected, DBS has announced that the final liquidation value of the DBS High Notes 5 is zero.
- DBS High Notes 5 – SGD Issuer Notice (27 October 2008)
- DBS High Notes 5 – USD Issuer Notice (27 October 2008)
- DBS High Notes 5 – Frequently Asked Questions (27 October 2008)
Zero payout for DBS High Notes 5 investors (Business Times – Access after 6pm)
No gain from investors pain over High Notes 5 (Business Times – Access after 6pm)
I expect a highly charged event in the DBS meeting with High Notes 5 investors tomorrow.