DBS Hong Kong, a unit of DBS Group Holdings (DBSM.SI), will pay out a combined HK$651 million ($115 million) to some buyers of Lehman Brothers constellation notes, the territory’s financial regulator said on Wednesday.
Customers classified by the bank as having a low to medium risk profile would receive their money returned plus interest that would have been payable had it been placed in a fixed-term deposit, Hong Kong’s Securities and Futures Commission said in a statement.
Investors in Singapore, Hong Kong and Indonesia who bought the product had lost their money after the US investment bank Lehman Brothers went under in 2008.
The constellation notes are credit-linked notes related to the collapsed US bank.

Digg
Del.icio.us
StumbleUpon
Netscape
Yahoo
Technorati
Googlize this
Facebook