SCB Barters With Note Holders To Save SIV

31 Jan 2008

Standard Chartered Bank will lend $7.15 billion to its structured investment vehicle to provide liquidity support, according to bank.

­­--Cristina Pittelli

Standard CharteredBank will lend $7.15 billion to its structured investment vehicle to provide liquidity support, according to the bank. SCB will agree to buy the commercial paper issued by it’s Whistlejacket SIV on the understanding that a pre-agreed enforcement trigger will not be pursued by investors ...

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