Distressed investors may get pay out from Lehman Brothers

Wednesday, July 15, 2015

Judge asked to approve $1.89 billion pay out to senior unsecured bond holders in Lehman estate 

TAGS: Distressed debt

Comment by: Anonymous. Posted 8 years ago [2015-07-16 00:27:14]

I recall vaguely that such claims had value near 15% in the months after the 2008 bankruptcy filing. Seven years later, then, this accretion to 35% is a bit better than 10% pa. Not bad in a low interest rate environment but not an investment to take you into retirement, either.

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