Société Générale has offered a goodwill one-off payment to DLC investors after price adjustments to offset concentration plunged the value of the product triggering the airbag mechanism. This resulted in the suspension of trading.
SG Issuer has sold all of its inventory in the Daily Leverage of 5x European Style Cash Settled Long Certificates linked to Singapore Airlines Limited (SIA) shares and ‘will provide a continuous bid while making intermittent offers over the Certificates until 5 June 2020,’ according to a company statement on the Singapore Exchange (SGX). Yesterday’s move by the French bank comes on the heels of its decision on Tuesday to make a SGD0.30 (US$0.21) goodwill payment to investors w
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