CapitaMall Trust offers up to S$200 million worth of 2-year retail bonds to public and institutional investors in Singapore

CapitaMall TrustFollowing SIA’s bond offering in September last year and that of CapitaMalls Asia last month, CapitaMall Trust is offering up to $200 million worth of retail bonds, of which $50 million will be offered to the public and the rest to institutional and other investors.

The minimum investment sum is S$2,000, with a fixed interest payment of 2.00% per annum to be paid on 25th February 2012 and 2013. The Public Offer for the 2-year retail bonds will open for subscription at 9 a.m. 17th February 2011 and close on noon 23rd February.

SM Goh Chok Tong’s Take on Insurance

A few excerpts from SM Goh Chok Tong speech at NTUC Income’s 40th anniversary:

Affordability of Term vs Whole Life

“What can we do to keep insurance protection affordable? I urge the insurance industry to make a more concerted effort to address this. Part of the problem lies in the conventional practice of insurers in bundling the savings and protection elements into what is known as Whole Life Plans. Since the savings element in such Whole Life Plans can be very significant, the insurance premiums could be 3-5 times that of pure protection Term Assurance plans, for the same level of protection. I faced the same problem when I first started work. I could not afford a Whole Life Plan but had the good sense to choose a Term Assurance policy.”

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