RBS to buy back Lehman notes
The bank agrees to buy back equity-linked notes issued to retail investors between July 2007 and May 2008.
The Royal Bank of Scotland's Hong Kong branch has agreed to make a repurchase offer to customers holding equity-linked notes issued by Lehman Brothers, although has not admitted any liability.
RBS, formerly ABN Amro, which sold Lehman-backed equity-linked notes to retail clients between July 2007 and May 2008, has agreed to buy them back at 100% of the principal value of each eligible customer’s investment. (This includes notes sold by ABN Amro in Hong Kong before RBS acquired its…
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