Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

"and payments on its debt securities that rank equal with or junior to the subordinated debentures. See "Certain Terms of the Subordinated Debentures—Option to Defer Interest Payments."

Thanks Cotton for all your DD...

The above statement clearly means CTs have to be redeemed with all accumulated interest before they can pay the UK CTs.