This blog was first posted on 16 July 2007
COMMENT POSTED IN MY BLOG:
Maybe you like to comment on the Minibonds and Pinnacles. Both recieved overwhelming response from the public. What I know they are products designed for people who want streams of income. The tenor is 3-5 years with step up options with higher returns.
Since they are well received they must be good. Investors don't throw away $150 mil. for each tranche for nothing. There had been quite a few tranches already.
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REPLY:
Can you give specific examples of the earlier series of the Minibonds and Pinnacle Notes. What price are they trading now? How well have they performed? Did they provide a good return to the investors?
I have highlighted some of the current features of these products. They contain an element of speculation and carry a risk that has not been properly assessed.
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