Hong Kong banks to repay investors in Lehman mini-bonds

Hong Kong: Hong Kong banks sold and is now bankrupt Lehman Brothers has agreed to pay investors the equivalent of up to 96.5 percent of the tens of thousands of its investment, the regulator said the bank will buy back Sunday.The16 large financial In the center of a scandal in Hong Kong products, before them, the value investor has sold more than 40,000 drunk, when Bank of America set aside a bankruptcy in the 2008.Investors 15.7 billion U.S. dollars in total (20 billion U.S. dollars) deposit into the mini- bonds and other complex products traded by Lehman Brothers.Welcoming support the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority said the agreement "will provide a large number of recoveries for all customers" hold the product. "This kind of result.