July 14 (Reuters) - DBS Hong Kong, a unit of Singapore's DBS Group Holdings (DBSM.SI), will pay out a combined HK$651 million ($84 million) to some buyers of Lehman Brothers constellation notes, the territory's financial regulator said on Wednesday.Customers classified by the bank as having a low to medium risk profile would receive their money returned plus interest that would have been payable had it been placed in a fixed-term deposit, Hong Kong's Securities and Futures Commission said in a statement.
Investors in Singapore, Hong Kong and Indonesia who bought the product had lost their money after the U.S. investment bank Lehman Brothers went under in 2008. Link
Related:
Agreement on Lehman Brothers reached - news.gov.hk
Singaporean bank offers $84 million compensation to Hong Kong buyers of Lehman-linked products - Canadian Business Online
Hong Kong: SFC, HKMA and DBS Bank (Hong Kong) reach agreement on Lehman Brothers-related Constellation Notes - Webnewswire.com
