By Laura Lutz
Des Moines, Feb. 8 - Lehman Brothers Holdings Inc. upsized its issue of 15-year non-call one-year range notes due Feb. 27, 2023 linked to six-month Libor to $15 million from $10 million, according to an FWP filing with the Securities and Exchange Commission.
Lehman originally priced $5 million of notes on Jan. 30. Another $5 million priced on Feb. 7.
The interest rate for each quarter will be 8.375% times the proportion of days in that quarter on which six-month Libor is at least 0% and not more than 7%.
Interest will be payable quarterly.
The notes are callable at par on any interest payment date beginning Feb. 27, 2009.
Lehman Brothers Inc. is the underwriter.
Issuer: | Lehman Brothers Holdings Inc.
|
Issue: | 15-year non-call one-year range notes
|
Amount: | $15 million, upsized from $5 million
|
Maturity: | Feb. 27, 2023
|
Coupon: | 8.375% times proportion of days in quarter on which six-month Libor is at least 0% and not more than 7%; reset and payable quarterly
|
Price: | Variable
|
Payout at maturity: | Par
|
Call: | At par on interest payment dates beginning Feb. 27, 2009
|
Pricing dates: | Jan. 30 for original $5 million; Feb. 7 for $5 million; Feb. 8 for $5 million
|
Settlement date: | Feb. 27
|
Underwriter: | Lehman Brothers Inc.
|
Fees: | 2%
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.