Lehman Brothers Financial SA (LEHNQ)

[etzetrade]

Marayataqno: May I ask you a stupid question because I do not hold any subordinate bonds? Is normally the subordinate bond "guaranteed", and spell out in the prospectus? If it is not, what is the difference between CTs and subordinate bonds one with "guarantted" and the other one without? As you said, CTs will be treated equally as subodinate bonds, why CTs would add such word "guaranteed" to distinguish itself? In other words, why bother to add "guaranteed", which is meaningless?