Friday, October 10, 2008

Yikes: Final Price on Lehman Debt- 8.625 cents on the Dollar

From DealBreaker:

1:15 pm "Due to the large open interest, the secondary bidding period for the Lehman auction opened a few minutes early, and is to be extended to 1:30pm. Final results will be published at 2pm as expected."

Ooooh. Don't tease me!

2:04 pm Hmmm, I wonder what's keeping them. The 2pm deadline is passed.

2:09 pm Final Results of the Lehman Brothers Auction, Friday 10th October 2008;

Final Price: 8.625

Final Results of the Lehman Brothers Auction, Friday 10th October 2008 [Creditfxings]

DealBreaker fools around a lot but they know what's important. This number means hedge fund bankruptcies. For our other Lehman posts use the 'Search Blog" box, keyword- Lehman.