Sep 16 2008
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):
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Minibond Limited Indicative Prices |
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|
For Reference Purposes Only |
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|
Series |
Tranche |
Currency |
Bid* |
|
1 |
A |
SGD |
30.5 |
|
|
B |
USD |
30.5 |
|
2 |
A |
SGD |
44.5 |
|
|
B |
USD |
44.5 |
|
3 |
A |
SGD |
36.5 |
|
|
B |
USD |
36.5 |
|
|
C |
AUD |
36.5 |
|
5 |
|
SGD |
34.5 |
|
6 |
|
SGD |
33.5 |
|
7 |
|
SGD |
55.5 |
|
8 |
|
USD |
55.5 |
*The figures are to be taken as a guide only and is not a reflection of the final amount that will be given.
As Chapter 11 is a long drawn process, it might take some time before investors receive their money.
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[...] to some of these minibonds were not as great as first estimated. Recall that Lehman Brothers had quoted the following prices for the Minibond in the buyback market the week before they gone [...]
any update on the latest indicative prices… these were prices three weeks ago. thanks alot.
come to think about it, i now realise that i did not received any furthr feedback/communications from the RM/bank after i bought the product. i got a call from the bank’s branch manager only two days after LB’s collapse was announced in the newspaper (Sept 18). unable to advise the status of my investment… told to await their further announcement
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lioninvestor Reply:
October 5th, 2008 at 8:14 am
The prices were provided by Lehman Brothers.
It’s something like their buyback price from us.
Since they have folded, there won’t be any coming from them.
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