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LoginSpend on Citibank or Hospital bill?
69 posts
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Originally posted by extrinsic:I think what TS is trying to say is that the profit of govt is 1st priority to singaporean misery life. Singaporeans can die for all they care, as long as profit are available. Which is so unbeing of a govt.
... government? What government?
.. this place is run by a bunch of businessmen...
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it is private offering of convertible preferred securities
...Convertible Preferred Securities
Convertible preferred securities enjoy a fixed rate of coupon payment until they are converted to shares.
Unlike common stocks or mandatory convertible securities, their downside risk is more limited. GICs recent announced investment in UBS involves mandatory convertible securities. It cannot be directly compared with the Citigroup investment. Please refer to the attachment for the terms of the securities in the Citigroup investment.1.today ST front page reports this time is perpetual converitble security at 7 % dividend pa.
GIC can holds it as long as it like.
If GIC choose to convert into shares,GIC will pay premium of 20%
over the next few trading days.
2.Shall we consider sell off all assets of S$300 billion and have few years of tax break?
In this way,Sing $$ will worth not more than the paper.
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Originally posted by lionnoisy:
[b]it is private offering of convertible preferred securities
1.today ST front page reports this time is perpetual converitble security at 7 % dividend pa.
GIC can holds it as long as it like.
If GIC choose to convert into shares,GIC will pay premium of 20%
over the next few trading days.
2.Shall we consider sell off all assets of S$300 billion and have few years of tax break?
In this way,Sing $$ will worth not more than the paper.[/b]Are you sure $300 billion will only get a few years of tax break?
Tsk tsk tsk, never do research on our total tax revenue.
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Originally posted by phil30k:On a superficial level, I agree with Singapore's decision to invest in Citibank. or as some people put it, bail citibank out.
It seems like a good investment decision.
It's very poor proof of the States's disregard for our healthcare costs.agree. but how does the investment even benefit the population. can't even tell now if the investment pays. it's going to take another 60 man years.
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