Replies to post #110308 on Lehman Brothers Financial SA (LEHNQ)

[stoxjock]

If true, that is awesome for us CT Holders....But What's in it for the Sr. Creditors? Did they buy their bonds at 10c on the $$ ?

[cottonisking]

Notice of Intention to pay a Ninth Interim Dividend
Based on current information, the Administrators are of the view that there are sufficient realisations to allow a ninth interim dividend to be made to unsecured creditors. The Administrators issued a Notice of Intended Dividend to all known creditors stating a last date for proving of 15 February 2024. A ninth interim dividend will be paid within 2 months of that date to creditors with agreed claims. A copy of the Notice is available to download.

https://www.pwc.co.uk/services/business-restructuring/administrations/non-lbie-companies/lbh-plc-in-administration/dividends-to-creditors.html