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Minibonds payouts in Feb

Thread starter MarrickG
Start date Feb 4, 2010

MarrickG

Alfrescian

Loyal

Feb 4, 2010

RETAIL investors who bought Lehman Minibonds can expect to recover at least 21.5 per cent and up to 70.8 per cent of the notes they are still holding. This works out to at least $21.50 for every $100 that they have invested in the product.

The payouts will be made to investors on Feb 12.

This was announced by the receivers - three partners of Pricewaterhouse Coopers - in charge of unwinding the structured notes, and the product's trustee HSBC Institutional Trust Services on Wednesday.

http://business.asiaone.com/Business/News/Story/A1Story20100203-196478.html

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