The Real Deal Miami

Hong Kong banks will buy back Lehman securities

October 17, 2008 12:47PM

Hong Kong banks agreed today to buy back Lehman Brothers securities,
called minibonds, at market prices. Investors in Hong Kong, including
pensioners who had invested their savings into the minibonds, have been
staging demonstrations against the banks that sold them because the
investors believe they were misled into thinking the investments were
safe.