THERE is good news for investors of Minibonds, a structured product linked to bankrupt US investment bank Lehman Brothers - a bank based in Hong Kong has expressed an interest to replace Lehman as the swap counterparty for all series of the Minibond programme.
Former chief executive officer of insurer NTUC Income, Mr Tan Kin Lian, shared the good news with about 600 investors who turned up at Speakers' Corner again on Saturday to hear him speak.
Although he declined to reveal further details of the arrangement, he said the bank had approached him after learning about him from his blog.
