DBS HK says 30 products zero value, 2 worth 8.7% of original price

DBS Bank (Hong Kong) Ltd. said Tuesday most structured products it sold linked to Lehman Brothers Holdings Inc. (LEH) have zero value, though two are worth 8.7% of their original price.

Banks are offering to repay investors at market value, but DBS said on its Web site there is no market value for 30 of the 32 Lehman-linked products it sold.

Source: CNN Money

星展銀行(香港)有限公司(DBS Bank (Hong Kong) Ltd.)週二表示﹐公司出售的與雷曼兄弟控股公司(Lehman Brothers Holdings Inc., LEH)相關的結構性產品多數已經沒有價值了﹐只有兩只產品目前還佔原價的8.7%。

銀行業提議依據市值向投資者提供賠償﹐但是星展銀行(香港)在其網站上表示﹐其出售的32只雷曼兄弟相關產品中有30只產品已經一文不值。星展銀行(香港)是新加坡星展集團(DBS Group Holdings Ltd., D05.SG)香港子公司。

Source: WSJ Chinese Edition

For more DBS official notices: http://www.dbs.com.hk/en/consumer/notice_inv_20081027.htm


Click here for more HK information

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