Standard Chartered 's plan to sell $ 1.5bn of stressed loans , including those of Cairn Energy and Essar loans , has reportedly found few takers from distressed - asset loans for the offshore loans that form a large fraction of what the bank is planning to sell ; SSG Capital Management is the only firm still in talks with Standard Chartered to buy nearly $ 200 of loans from the offshore book . SSG Capital is also looking for a 30 % reduction to the value of the assets .
Standard Chartered's attempt to sell $1.5bn of stressed loans, including those of Cairn Energy and Essar Group, has reportedly found few takers from distressed-asset buyers for the offshore loans that form a large chunk of what the bank is planning to sell; SSG Capital Management is the only firm still in talks with Standard Chartered to buy nearly $1bn of loans from the offshore book. SSG Capital is also looking for a 30% discount to the value of the assets.