Small Change

Hyflux bonds are no Lehman Minibonds

Water treatment firm's bonds not complex products targeted at vulnerable investors

Reactions to the financial woes of water treatment company Hyflux have been robust, with several commentators equating it to the Lehman Minibonds fiasco 10 years ago when some 10,000 retail investors lost about $500 million.

Some have asked for retail investors of Hyflux's bonds to be compensated, just as many of the Minibond investors were.

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A version of this article appeared in the print edition of The Sunday Times on May 12, 2019, with the headline 'Hyflux bonds are no Lehman Minibonds'. Subscribe