Agreed Lehman settlement will give bondholders 21% recovery

Thursday, June 30, 2011

Lehman Brothers bondholders are set to receive a final recovery of 21.1%, after a settlement plan was agreed by key creditors and the Lehman estate

Comment by: Anonymous. Posted 12 years ago [2011-07-02 19:26:20]

Recovery on derivative claims is significantly higher than that for bondholders. Is that because some (likely not all) derivative counterparties held collateral under a CSA that compensated some or all of the exposure to Lehman? Or is it that the bondholder recovery averages in subordinated as well as senior debt? Both of these or neither of these?

CLOs

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