Singapore says banks interested in Lehman bonds


  • Business
  • Thursday, 23 Oct 2008

SINGAPORE (AP) - Singapore's central bank said two banks have "shown interest'' in assuming obligations on 640 million Singapore dollars (US$432 million) of bonds linked to bankrupt U.S. brokerage Lehman Brothers Holdings Inc.

The central bank did not name the banks, but said they are international financial institutions licensed to operate in the city-state and they may seek to restructure the notes.

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