07 Jun '12, 7am

HK Minibond Investors to Receive Further Payout

HK Minibond Investors to Receive Further Payout by Martin Lee on June 7, 2012 Some Hong Kong investors in the failed Lehman-Brothers minibond series of structured investments are set to receive a further, final payment in relation to their loss. PricewaterhouseCoopers (PwC), the receivers of the minibond collateral, said investors in series 5 to 7 and 9 of the products will receive an additional payment of 10% from the distributing banks. This was made as a result of an agreement with the Securities and Futures Commission, the Hong Kong Monetary Authority and 16 distributing banks. The brings the payout for investors of series 5 to and 9 to around 70% of the original investment … Read the full article → Related posts:Hong Kong’s Institutional Investors Are Greater Fools: Prada Update Hong Kong Trip 2011 Part One – Food Exploration Prudential Asset Management Renamed as Eas...

Full article: http://thefinance.sg/2012/06/07/hk-minibond-investors-to-...

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