HSBC restructures Asscher and Cullinan

07 Mar 2008

HSBC has made an offer to mezzanine EMTN and income note investors in its $6bn Asscher Finance SIV, proposing to exchange the notes for capital in a new vehicle, Malachite Funding. Meanwhile, Mazarin Funding, set-up to fund assets from HSBC’s Cullinan Finance SIV, may struggle to find new ...

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