Sovereign Wealth Fund Takes Legal Action Against Banco de Portugal Over Costly Debt Transfer

Posted on 02/20/2015


On July 3, 2014, New Zealand Superannuation Fund (NZSF) invested US$ 150 million in notes issued by Oak Finance Luxembourg SA. The vehicle Oak Finance was arranged by Goldman Sachs as an independent entity to assist in the financing of trade transactions being made by Lisbon-based Banco Espírito Santo. For example, one trade deal was […]