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Home : Million Dollar Loan : 3 Million Dollar Loan : MSN Newsfeeds : Lehman Credit-Swap Auction Sets Payout of 91.38 Cents (Update2) - Bloomberg

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Lehman Credit-Swap Auction Sets Payout of 91.38 Cents (Update2) - Bloomberg

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This article related to: 3 Million Dollar Loan

Oct. 10 (Bloomberg) -- Sellers of credit-default protection on bankrupt Lehman Brothers Holdings Inc. will have to pay 91.375 cents on the dollar to settle the contracts, setting up the biggest-ever payout in the $55 trillion market. An auction to ...

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