Saturday, April 11, 2009

HK firm agrees to buy back Lehman Brothers minibonds

Special Report:Global Financial Crisis

HONG KONG, April 5 (Xinhua) -- A financial services company in Hong Kong
said on Sunday that it has agreed to buy back all Lehman Brothers minibonds it
sold to investors at their original price.

The buy-back involves only five clients, and the total amount of the
repurchase is an estimated 1.6 million HK dollars.

This is the second firm to volunteer to buy back the minibonds at their
original price. Sun Hung Kai Financial had made a similar offer to its clients
in January.


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