Lehman Brothers Financial SA (LEHNQ)

[cottonisking]

CTs Holders' Guarantee, Important Covenants Issues in the UK [Ranking]:

1) LBHI CTs' trust subordinated debt securities (4) rank Pari Passu with LBH ECAPS' partnerships123 subordinated notes(3): True

Or

2) LBHI CTs' trust subordinated debt securities (4) rank Pari Passu with LBH's subordinated debt facilities (3): True

Hopefully, the Framework Agreement team is working with Deutsche Bank on this problem in favor (cash) of LBHI's CTs Holders.