Minibond trustee in Singapore searches for new swap counterparty

A number of financial institutions are currently considering taking on the role as counterparty to the products. If there should be a firm offer from an appropriate party, the trustee would then seek necessary approvals from noteholders. If there is no viable proposal for a new swap counterparty or if a proposal is not approved by noteholders, the trustee would commence selling the underlying securities and would use the proceeds to pay the noteholders after deducting any other liabilities which

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