Lehman tenders for perpetual preferreds at 1.75 via Deutsche Bank

By Susanna Moon

Chicago, June 27 – Deutsche Bank AG, London Branch began a tender for €225 million fixed-rate to CMS-linked guaranteed non-voting non-cumulative perpetual preferred securities issued by Lehman Brothers UK Capital Funding LP.

The notes contain a subordinated guarantee from Lehman Brothers Holdings plc.

The purchase price will be 1.75% of the liquidation preference, according to a notice.

The tender will run until 11 a.m. ET on July 10, with settlement following on July 13.

The tender agent is Lucid Issuer Services Ltd. (+44 20 7704 0880 or lehman@lucid-is.com).

New York-based Lehman Brothers was the fourth-largest investment bank in the United States. The company emerged from bankruptcy on March 6, 2012.

© 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.