Investors offered 80% payout for Lehman products
Written by Dennis Eng & Paggie Leung
Thursday, 24 December 2009 16:17
"For angry investors, the nightmare triggered by the collapse of US investment giant Lehman Brothers last year may be finally over after two banks offered to pay 80 HK cents for every dollar of their investment.
The deal, which applies to 529 customers who bought a total of HK$264 million of Lehman equity-linked notes from Dah Sing Bank and Mevas Bank, is seen as paving the way for all affected customers to receive the same payout.
The deal also has important implications for investors of other affected investment products, like Constellation Notes sold by DBS Bank, and Octave Notes, sold by 17 banks and designed by Morgan Stanley. So far, only investors of Lehman-related minibonds have been partially compensated"...
http://www.theedgemalaysia.com/business-news/...-lehman-products.html
Written by Dennis Eng & Paggie Leung
Thursday, 24 December 2009 16:17
"For angry investors, the nightmare triggered by the collapse of US investment giant Lehman Brothers last year may be finally over after two banks offered to pay 80 HK cents for every dollar of their investment.
The deal, which applies to 529 customers who bought a total of HK$264 million of Lehman equity-linked notes from Dah Sing Bank and Mevas Bank, is seen as paving the way for all affected customers to receive the same payout.
The deal also has important implications for investors of other affected investment products, like Constellation Notes sold by DBS Bank, and Octave Notes, sold by 17 banks and designed by Morgan Stanley. So far, only investors of Lehman-related minibonds have been partially compensated"...
http://www.theedgemalaysia.com/business-news/...-lehman-products.html
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ist für HIER http://chapter11.epiqsystems.com/lehman
Vorhang AUF, der Krimi geht weiter...
ist für HIER http://chapter11.epiqsystems.com/lehman
Vorhang AUF, der Krimi geht weiter...