Lehman Brothers Financial SA (LEHNQ)

[slimugrian]

LEHMAN HAS ISSUED PERPETUAL BONDS

Well, Lehman braintrust here is another bone to chew.

FINRA.org database lists 115 various Lehman bonds and there are 3 bonds with maturity date 12/31/3999.

Symbol LEHM.HCU, CUSIP 52517P2D2
Symbol LEHM.HCQ, CUSIP 52517PZ95
Symbol LEHM4829152, CUSIP -

http://finra-markets.morningstar.com/BondCenter/Default.jsp?part=3 Type in Issuer name cell “Lehman”

3999 should mean those are perpetual bonds. Perpetual bond = equity.

From investopedia: https://www.investopedia.com/terms/p/perpetualbond.asp

What Is a Perpetual Bond?

A perpetual bond, also known as a "consol bond" or "prep," is a fixed income security with no maturity date. This type of bond is often considered a type of equity, rather than debt. One major drawback to these types of bonds is that they are not redeemable. However, the major benefit of them is that they pay a steady stream of interest payments forever.

If you check history of those “instruments” you see that those were normal bonds but during the course of adminstration they have changed to perpetual bonds (equity).

Am I just daydreaming or this is actually THE MOST SOLID PROOF in black and white that Lehman is going to have continuos business after POR is closed?

Cheers
Slim