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India Watcher
1 Comment
iShares Asia Region ETFs (ex-India) Trade Broadly Lower
New York, NY (November 5, 2007) – Subsequent to the announcement dated October 26, 2007 by
Barclays Bank PLC ("Barclays") with respect to the issuance, sale and lending of iPath® Exchange Traded
Notes linked to the MSCI India IndexSM ("iPath India"), Barclays has received further clarification with
respect to the announcement of the Securities and Exchange Board of India in relation to derivative
instruments linked to Indian equity securities. Based on this clarification, Barclays announces that, with
immediate effect, Barclays will resume sale of iPath India from inventory to the extent, but only to the
extent, that such iPath notes, which were previously sold, have been redeemed by Barclays; and will
resume lending activities from inventory with respect to iPath India to the extent, but only to the extent,
that such iPath notes, which were previously lent out, have been returned to or acquired by Barclays. In
all other respects, the suspension of issuance, sale and lending involving iPath India, as announced on
October 26, 2007 remains in effect.INP units outstanding appear to now be capped ... from the prospectus:
New York, NY (November 5, 2007) – Subsequent to the announcement dated October 26, 2007 by
Barclays Bank PLC ("Barclays") with respect to the issuance, sale and lending of iPath® Exchange Traded
Notes linked to the MSCI India IndexSM ("iPath India"), Barclays has received further clarification with
respect to the announcement of the Securities and Exchange Board of India in relation to derivative
instruments linked to Indian equity securities. Based on this clarification, Barclays announces that, with
immediate effect, Barclays will resume sale of iPath India from inventory to the extent, but only to the
extent, that such iPath notes, which were previously sold, have been redeemed by Barclays; and will
resume lending activities from inventory with respect to iPath India to the extent, but only to the extent,
that such iPath notes, which were previously lent out, have been returned to or acquired by Barclays. In
all other respects, the suspension of issuance, sale and lending involving iPath India, as announced on
October 26, 2007 remains in effect.