ntuc-income: closure of capital plus (CPN23)

just launched 2 days ago and we received this urgent email notification from ntuc-income yesterday evening:

Dear Partners,

We have received overwhelming response for our recent tranche of Capital Plus (CPN23). Thank you for your support!

This is to inform that the subscription for CPN23 will be closed tomorrow, 13 July 2011, at 5 pm.

Please ensure that the applications you hold on hand reach our office (75 Bras Basah Road, NTUC Income Centre, Level 7) by 5 pm tomorrow.


Thank you.


Regards,

Regina Lim
Account Manager, Financial Advisers, Sales Division
t: (65) 6866 7260 fa hotline: (65) 9746 2663
www.income.com.sg

my comments:

perhaps this early closure of the current tranche of capital plus (the fastest on record) may not be too surprising because of the ultra-low interest on savings environment.

with a guaranteed 1.4% return on maturity after 2 years definitely beats putting extra cash into any bank's savings account.