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I think this thread should be resurface now that minibond holders will get some of their money back.
Anybody got any updates. Any idea how much we should get back. problem is the unwinding processis not transparent.
Hi Sureesh,
I made a post here on this:
http://www.martinlee.sg/minibond-holders-to-get-partial-refund/
Will update again if there is any information.
ReplyHi Lee,
In case of an unwinding, the minibonds are backed by the underlying securities.
I have posted the estimated valuation of the minibonds as provided by Lehman last Friday:
http://www.martinlee.sg/minibond-indicative-prices/
ReplyIsn’t there a Trustee for the Minibond funds? even though Leyman Bro were the arranger of the Minibond. What if the underlying companies are still intact?
ReplyHi, any latest information about Minibond? If Lehman go bankcrupt, how will it affect Minibond?
ReplyHi Lawrence, based on how I interpret it, the redemption value of the Lehman minibonds should be affected only if there are defaults.
For the moment, the downgrades would affect the mark to market valuation of the minibonds.
ReplyCurious, with MBIA and Ambac being downgraded does it mean the doom of the Minibond? Or they must evidence a credit default event other than downgrading to bring the bonds down?
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