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Sovereign Wealth Funds Briefing - Categorized | Market, Research

Sovereign Wealth Funds surveyed on Proposed PPN Issue

Posted on 12 May 2010

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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