UOB to redeem $150m worth of structured products
October 21st, 2009 | 
Author: (SINGAPORE) United Overseas Bank (UOB) is offering to redeem at full value some $150 million worth of structured investment products that it sold to retail investors in 2005.
The market value of the Prudential Yield 15 and Yield 20 funds, both of which mature in June next year, fell to less than half their starting price in March this year, but have since recovered most of the losses.
UOB said it … more
Posted in Singapore Financial News | 
Tags: Bank, Investment, investment products, June, losses, March, market, Overseas, price, PRUDENTIAL, retail investors, Singapore, singapore united overseas bank, United, united overseas bank, UOB, Value, worth, year, yield
