Lehman Brothers Financial SA (LEHNQ)

[4Duxs]

Right you are, Cotton. I thought there was just simple interest payments. I went back and checked the prospectus and right you are. The interest compounds on any deferred payment.
Here’s the info right from the issuing document:

Any deferred distributions will accumulate additional amounts due at an annual rate of 6.24% compounded quarterly

The compounding sure can make a difference over these 14 years too.
Thank you for your excellent research. Cheers