HSBC Offers Euro MTN Exchange For Asscher Investors

HSBC is offering investors to exchange income notes from its Asscher Finance structured investment vehicle for new income notes from its Malachite Funding vehicle to remedy funding problems that hit the SIV.

  • 19 Mar 2008

-- Olivia Thetgyi

HSBC is offering investors to exchange income notes from its Asscher Finance structured investment vehicle for new income notes from its Malachite Funding vehicle to remedy funding problems that hit the SIV. “Given the exchange and other related arrangements, [HSBC] (as manager) expects that Asscher will ...

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