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Monday, November 3, 2008

Indicate price of Pinnacle Notes as at 20-10-08

Prices as of 20 OCT 08 - quoted by OCBC Securities

USD SGD
Pinnacle Series 1 5.60% 5.61%
Pinnacle Series 2 5.42% 5.95%
Pinnacle Series 3 16.24% 16.13%
Pinnacle Series 5 8.82% 8.86%
Pinnacle Series 6 5.90% 5.43%
Pinnacle Series 7 5.65% 5.59%


The prices are very low. Most of the notes (except series 3) have lost more than 90% of their value

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