Companies & Markets

Create a free account with Business Times for seamless access across SPH Media products.

REGISTER

LOGIN

Companies & Markets

SUBSCRIBERS

SocGen extends one-off payment after protest by investors of SIA shorts

Published Tue, May 12, 2020 · 09:50 PM

Singapore

SOCIETE Generale (SocGen) is extending a single exceptional payment as a "goodwill gesture" to investors of the 5x Short Singapore Airlines (SIA) daily leverage certificates (DLCs), after some of them protested against what they saw as the lack of timely disclosure and unfair pricing by the investment bank.

The Singapore Exchange has also said that it has commenced investigations into the matter.

SocGen, the issuer of the certificates, announced on Tuesday that it will pay 30 Singapore cents per certificate. The payment will be made to registered holders of the certificates as of May 11. Mechani…

SEE ALSO

French bank SocGen to cut about 900 jobs at Paris head office

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

KEYWORDS IN THIS ARTICLE

Singapore Airlines

structured products

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes

Companies & Markets

Purchase this article

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

Browse corporate subscription here

The Business Times