Breaking News: Two international financial institutions have submitted proposals to MAS to restructure the Lehman minibond notes to run to maturity. The MAS says the details of the proposals are confidential but will be made known to investors “once the proposals are finalized.” The MAS said an “independent financial adviser will be appointed within the week to assess the merits of the proposal.” (See also Channel NewsAsia’s report.)
Read also: Hong Leong offers to buy back Lehman notes from some investors – Channel NewsAsia.
Below is Channel 5’s news report on the proposal.
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