The Monetary Authority of Singapore (MAS) has welcomed the announcement that distribution of the recovery values of the Minibond notes to investors will be made on 12 February 2010.

The announcement was made by the three partners of PricewaterhouseCoopers LLP who have been appointed as receivers for the Minibond notes, and HSBC Institutional Trust Services (Singapore) Limited, the trustee for the notes.

The MAS has already said that all investors holding the Minibond notes will receive the recovery value for the notes they hold.

In a statement the regulator said: "Where investors have accepted partial settlement offers and retained a portion of the notes, they will receive the recovery values of the notes which they retain. Where investors accepted full settlement offers, they would have already received the full investment amount and transferred the notes to the financial institution. As such, they will not receive any further payments from the distribution of the recovery values."

The total amount received by each investor will depend on the recovery value of the series of notes bought, as well as the outcome of the dispute resolution process. It said that, 80% of retail investors will receive 50% or more of their investment back, and in total, retail investors in the Minibond notes will receive 64.5% of the total amount invested in the Notes.