Tenaga, UBS reach out-of-court-settlement on bond dispute

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Utility giant Tenaga Nasional Bhd and investment bank UBS Warburg have reached an out-of-court settlement over a dispute related to a 10-year, 500-million-dollar Yankee bond issue, a report said today.

"The terms of the settlement are confidential and neither party will make any further comment," The Star newspaper cited a statement released by Tenaga's lawyers in London as saying.

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