Government Of Singapore's UBS Convertible Notes To Become Shares - SEC Filing

Date : 02/11/2010 @ 5:17AM
Source : Dow Jones News
Stock : Intl Index Basket Cpn (GIC)
Quote : 10.19  0.0 (0.00%) @ 2:05AM

Government Of Singapore's UBS Convertible Notes To Become Shares - SEC Filing

Intl Index Basket Cpn (NYSE:GIC)
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The Government of Singapore Investment Corp. will see CHF11 billion worth of UBS AG (UBSN.VX) notes being converted into shares on March 5, according to a Securities and Exchange Commission filing.

The filing said GIC will convert the notes into 230.7 million ordinary shares of UBS, bringing GIC's stake in UBS to 6.6%.

GIC held 9% of the Swiss bank through the convertible notes.

A GIC spokeswoman declined to comment. UBS also declined comment.

-By Costas Paris, Dow Jones Newswires; 65 6415 4151; costas.paris@dowjones.com

 
 

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