Thursday, September 03, 2009

Survey: Lehman bonds

Dear Mr Tan
I have been following your commendable efforts to help those stuck with Lehman's Mini bonds et al.

Do you know of people stuck with Lehman Brothers Holdings' bonds and who now have to file proofs of claim?

In early 2008, I bought $250,000 of Lehman Brothers Holdings Inc. 4.20% 5-year Fixed Rate Notes Due 2013 from OCBC who is the Joint Lead Manager and Bookrunners (together with Lehman Bros S'pore Pte Ltd) .

I need help to file the claim by Sept 22 2009 and have contacted OCBC but they apparently are not very sure themselves what is happening.

Do you know of anybody else in the same predicament? Perhaps you could circulate this note to help find out how many others are similarly stuck and how we could get together to organise something for mutual help.

Thank you for your time and assistance.

FOR THOSE WHO ARE STUCK WITH LEHMAN BONDS, PLEASE GIVE YOUR PARTICULARS IN THIS SURVEY.
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4 comments:

Tan Kin Lian said...

No one responded to my survey on the Lehman bonds. It seems to affect just a few people.

A neighbour's relative saw me earlier this year. He invested a large sum in the Lehman bonds, sold by a bank adviser. He was Chinese educated. He decided to sue the bank adviser for giving bad advice on this investment.

I do not know the outcome of the legal case.

September 04, 2009 7:55 PM
Anonymous said...

If any of you are stuck with trade claim LEH bonds there is a bid in the market for them right now. As far as I know only senior paper will be eligible for claims, but the market is paying between 10-20 for this paper right now. If you would like more information on the eligibility of your bonds feel free to contact me at cmoinvestor@gmail.com

Regards,
Dan Weber

September 05, 2009 11:21 AM
Anonymous said...

I believe Mr Oei Hong Leong also bought Lehman Brothers Bonds, remember reading it in Straits Times.

September 05, 2009 3:53 PM
Anonymous said...

Hi... is this only for people who invest in the minibonds? My family invested half a million singapore dollars LBH 4.2 % due 2013. We were profiled as conservative investors. We felt misled because the bank sold us using only the S&P credit ratings. We were not informed that the bonds were unsecured debts. If we had known that, we would have not have invested in them. The banks should not recommend such products to conservative investors like us.

Regards,
PK

September 30, 2009 9:58 PM

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