Banks Owed $3 Billion in Talks With Singapore Oil Trader, Bloomberg Reports
15 April 2020 - 12:20PM
Dow Jones News
--Banks with $3 billion in exposure to Singapore-based Hin Leong
Trading are in talks with the private oil-trading company about how
to bolster its finances amid liquidity concerns, Bloomberg reports,
citing unnamed sources.
--Up to 10 banks are involved, including HSBC, DBS and OCBC,
with HSBC having the largest exposure at about $600 million,
according to the report.
Full story: https://bloom.bg/3b9itn6
Write to Singapore editors at singaporeeditors@dowjones.com
(END) Dow Jones Newswires
April 15, 2020 06:05 ET (10:05 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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