Additional ex-gratia payment to Lehman Brother’s Minibond customers will increase the level of recovery to 96.5% of their initial investment

29 March 2011 | 2 minutes read

The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) have stated that the Minibond Agreement’s proposed distributions, if approved, will provide substantial recoveries for all customers who held Minibonds issued by the 16 Lehman Brothers’ Minibond distributing banks, including those who were ineligible to receive repurchase offers under the resolution between the SFC, HKMA and the…

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