12.05.2010 - Sovereign Wealth Funds surveyed on Proposed PPN Issue
Prime Placement Advisers, a specialist in researching pre-placement interest levels for innovative financial and investment products among institutions and other qualified high net worth investors, has been engaged by R S Management Limited (RSM) – developers of the Richman’s Club and The Royal Nanjing Jockey Club, to poll selected Sovereign Wealth Funds, corporations and other qualified investors on their interest level in a proposed issue of Redemption Secured Profit Participation Notes (PPNs). According to Dr A S Johan, an adviser to RSM, the proposed PPNs are not direct debt nor equity by or in RSM but are a hybrid to be issued pursuant to a binding contract between the issuer and each registered PPN holder. The terms of the PPN would thus become contractual obligations of the issuer in favor of registered holders of PPNs..............................................Full Press Release: Source
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