-- ABN Amro Bank NV has become the latest lender to make a claim against a Singapore oil trading giant that filed for protection from creditors amid a plunge in oil prices.
The Amsterdam-based lender is the second bank to file charges linked to Hin Leong, which owes almost $4 billion to more than 20 Singaporean and international banks, including HSBC Holdings Plc, DBS Group Holdings Ltd. and Standard Chartered Plc. London-based HSBC has the most exposure to the oil trader, with about US$600 million, people familiar with the situation said.
ABN Amro didn’t specify the amount owed to the bank in the documents dated April 17. The charges covered include Hin Leong’s bills of landing, air waybills, cargo and warehouse receipts, as well as the goods shipped related to the bank’s credit.
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