Minibond swap agreements terminated in Singapore
HSBC Institutional Trust Services (Singapore), the trustee for the Lehman Minibond programme, has terminated the swaps in the product for series 1 to 8 of the programme, which removes the risk of credit events in the underlying securities and helps to preserve the value of the underlying collateral. Series 9 and 10 are not affected as the underlying securities for these notes are corporate bonds and have no swaps.
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