International Herald Tribune, 23 Oct 2008, The Associated Press
SINGAPORE: Singapore's central bank said two banks have "shown interest" in assuming obligations on 640 million Singapore dollars (US$432 million) of bonds linked to bankrupt U.S. brokerage Lehman Brothers Holdings Inc.
The central bank did not name the banks, but said they are international financial institutions licensed to operate in the city-state and they may seek to restructure the notes.
"The proposals are confidential at this stage, and the details are being finalized," the central bank, known as the Monetary Authority of Singapore, or MAS, said in a statement late Wednesday.
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