Thu, May 28, 2015
A A A
Welcome asarmad
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Market

UBS and Credit Suisse secure $70bn

Posted on 17 October 2008

From Timesonline.co.uk: As part of a drive to restore confidence to its financial system, the Swiss Government injected SwFr6 billion into UBS through an issue of convertible bonds. Once the convertible bonds turn into shares, the Government will assume a stake of up to 9.3 per cent, making it the second-largest shareholder behind Government of Singapore Investment Corp (GIC).

At the same time, UBS struck an extraordinary deal with the Government to transfer up to $60 billion of its toxic securities - including US sub-prime mortgages and student loans - into a new fund. …. Full Article: Source


 Article link

This post was written by:

VRS - who has written 16335 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031