Bloomberg.com, 22 Oct 2008, Chen Shiyin
Oct. 22 (Bloomberg) -- The Monetary Authority of Singapore said it received two proposals to restructure products tied to now-bankrupt Lehman Brothers Holdings Inc., a move that could help investors recoup some losses.
HSBC Institutional Trust Services (Singapore) Ltd., the trustee for the so-called minibonds, said two international financial institutions have offered to restructure the notes to allow them to run to maturity, the central bank said in an e- mailed statement today. It didn't release the terms of the proposals, saying talks are confidential.
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