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Lehman Minibonds Trustee HSBC Has Engaged Legal Counsel
The Monetary Authority of Singapore (MAS) has received queries from the public on Lehman’s Minibond and have contacted the trustee of the Minibonds, HSBC Institutional Trust Services (Singapore). HSBC in turn has engaged legal counsel to explore all options available. Investors who have purchased the Minibonds have been adviced by MAS to contact the financial institution from […]
Minibond Indicative Prices
These are the estimated valuation of the Minibonds as provided by Lehman Brothers as of last Friday, 12th September 2008 (Based on a face value of 100): Minibond Limited Indicative Prices For Reference Purposes Only Series Tranche Currency Bid* 1 A SGD 30.5 B USD 30.5 2 A SGD 44.5 B USD 44.5 […]
Lehman Brothers Goes into Bankruptcy
After being unable to get any buyers, Lehman Brothers, once the fourth-largest U.S. investment bank, will file for bankruptcy. Lehman Brothers said in a statement today that they plan to file a Chapter 11 petition in the U.S. Bankruptcy Court for the Southern District of New York. The filing will be by the holding company and won’t include […]
What Will Happen to my Lehman Minibond?
The minibond series by Lehman Brothers had been sold in Singapore for the last couple of years and some retail investors have purchased them. In the recent uncertainty facing Lehman Brothers, many of these investors are now wondering what will happen to their Lehman Minibonds investment. First of all, recall that the Lehman Minibonds is […]
What My Lehman Minibonds Are Exposed to
Thanks to my helpful broker, I managed to obtain a list of the underlying securities for my Lehman Minibonds series 2. The list had 138 entities(!), with ratings from AAA to B and from countries all over the world. The way the Lehman Minibonds were setup meant that I was also exposed to the credit […]