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BOC Hong Kong to pay HK $3.63 billion to buy back Lehman Mini Debt

Source: Internet
Author: User
Keywords Hong Kong finance BOC Hong Kong Lehman Brothers
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Bank of China (Hong Kong) Limited said in Wednesday that it would pay about HK $3.63 billion to retail investors to buy back the mini bond products of Lehman Brothers.　　BOC Hong Kong has reached a deal with Hong Kong's financial regulator, the largest distributor of Hong Kong's Lehman Brothers mini Bond. BOC Hong Kong said it had paid 518 million Hong Kong dollars to 2,591 customers and would also be contributing HK $3.11 billion to buy back the mini-bond products. The bank will make additional provision, which has included a $675 million provision for the year.

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