Citibank to buy back Lehman notes, but denies liability

Jul 10, 2011

The bank agrees to repurchase market-linked and equity-linked notes issued between March 2007 and June 2008 for 80% of total value, estimated at $136 million overall.

Citibank to buy back Lehman notes, but denies liability

Citibank (Hong Kong) has agreed to make an 80% repurchase offer to customers holding market-linked and equity-linked notes issued by Lehman Brothers, although it did not admit any liability.

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