Hong Kong banks buy back Lehman Minibonds

Investors are likely to get back up to 96.5% of the initial investments. This settlement is much more generous than the payout to investors by Singapore banks.

HK banks unveil final resolution on Lehman minibonds

Hong Kong's Association of Banks announced Sunday

the 16 Hong Kong distributing banks of the so-called "minibonds" issued by Lehman Brothers

agreed on a final resolution to buy back the products.

http://news.xinhuanet.com/english2010/china/2011-03/27/c_13800442.htm

 

HK banks agree on resolution for Lehman minibonds

Sixteen Hong Kong banks have agreed on a deal

to enable investors in structured products of the now bankrupt Lehman Brothers

recover a majority of their investments.

http://www.reuters.com/article/2011/03/27/hongkong-banks-minibonds-idUSL3E7ER03320110327