Banks sign agreement to buy back Lehman minibonds

SFC, HKMA agreement is set to buy back Lehman minibonds, but market is feeling wary


The Securities and Futures Commission (SFC), the Hong Kong Monetary Authority (HKMA) and 16 distributing banks reached agreement this July on the terms for the repurchase of Lehman Brothers' minibonds from customers. Publicly, bankers say this is a good deal for the market and for the investors, but privately there is concern among bankers and lawyers that the deal will spell trouble further down the line, as well as being unfair.

"The banks are pleased to have reached this agreement with the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here