DJ UOB: Made S$34M In CDO Loss Provisions End June
DJ UOB: Made S$34M In CDO Loss Provisions End June
(MORE TO FOLLOW) Dow Jones Newswires
August 07, 2007 05:50 ET (09:50 GMT)
*DJ UOB: Expects S$15M More CDO Loss Provisions End July
(MORE TO FOLLOW) Dow Jones Newswires
August 07, 2007 05:51 ET (09:51 GMT)
*DJ UOB: Total CDO Investments S$392M, Includes S$91M In ABS
(MORE TO FOLLOW) Dow Jones Newswires
August 07, 2007 05:53 ET (09:53 GMT)
DJ UOB Reports S$34M In CDO Loss Provisions, Expects S$15M More
SINGAPORE (Dow Jones)--Singapore's United Overseas Bank Ltd. (U11.SG) said Tuesday it has made S$34 million in loss provisions on its portfolio of collateralized debt obligations as of the end of June.
The bank said in a statement it expects to book further portfolio losses of S$15 million as of the end of July.
UOB is the first of Singapore's three local banks to report losses linked to structured debt investments since the recent crisis in the U.S. subprime mortgage market.
The bank's total CDO investments total S$392 million, including S$91 million in asset backed securities and S$301 million in products linked to corporate loans.
UOB said it doesn't have direct exposure to U.S. subprime mortgages.
-By John Jannarone, Dow Jones Newswires; 65 6415 4153; john.jannarone@dowjones.com
-Edited by David Bottomley
(END) Dow Jones Newswires
August 07, 2007 06:13 ET (10:13 GMT)
Copyright (c) 2007 Dow Jones & Company, Inc.
浦中
这个是DBS，就剩下OCBC没有澄清了。
SINGAPORE (Dow Jones)
DBS Group Holdings Ltd. (D05.SG) said Tuesday its asset management unit
holds two portfolios of collateralized debt obligations worth US$1.03
billion, but neither portfolio is exposed to U.S. subprime mortgages.
The company has also distributed US$1.7 billion in products linked to AA
or AAA grade assets to investors, but none of the products have exposure
to U.S. subprime mortgages, it said in a statement.
DBS reiterated that it has US$850 million in CDOs, including US$188
million in assets-backed securities with some exposure to U.S. subprime
mortgages.
-By John Jannarone, Dow Jones Newswires; 65 6415 4153;
john.jannarone@dowjones.com
-Edited by Roger Ng