HK SFC & MAS warn investors on Minibond redemption
In Singapore, the Monetary Authority (MAS) released a similar statement and has been conversing with the trustee, HSBC Institutional Trust Services (Singapore).
The redemption of the notes depends on a number of factors including the nature and value of the collateral (the prevailing market value), the amount due under termination of the swap arrangements and the costs, fees and expenses of selling the collateral in the market. Investors have been advised to rely on their distributors to take
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