Great Eastern offers to buy back CDO-linked note

The offer has been described as a "gesture of goodwill" by GE, which emphasizes that it does not constitute an admission of liability. It follows the decree by Hong Kong regulators on July 22 that 16 banks must make repurchase offers to Minibond investors.

During the offer period, which starts on Monday August 28, policyholders can redeem their investments and receive a sum equal to their original investment, less total payouts received to date.

The move could potentially cost the company S$594

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