527 pongs
Singapore bank exposure on Sands
Las Vegas Sands share price plunged 32.7% to US$7.85 yesterday. Creditdefault spread at 1804bp. Filing for chapter 11 bankruptcy protection is nolonger a remote possibility.All three Singapore banks have significant exposure. Singapore banks arelead arrangers in the S$5.4b credit facility for Marina Bay Sands. Allthree banks- DBS, OCBC and UOB- have …
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hothotstock Posted by hothotstock User Menu
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on November 7, 2008 at HOT HOT STOCK NEWS & ANALYSIS

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