![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJRKFco5E4TrUOOhnt_esqvInZ69p3w4BwSwyeDK7ZY11PGvOIA1wzBBBZbMJNIh9TsTyJBgdd0e1ODe81xzhxLBLIzRF66FFprh2D4Jdj0RcKMxbnSu1UpM_4OzScESnSiB6JI1AOT-sp/s400/Jan+MOR.jpg)
Tuesday, March 10, 2009
Lehman Files Status Update
Posted by
Tyler Durden
at
1:45 PM
Bankrupt Lehman Brothers posted a monthly operating report for January in which it disclosed a $1.8 billion increase in the cash of the bankrupt estate. At the end of January Lehman held total cash of $6.8 billion. The cash at LBHI alone is worth roughly 5 cents in recoveries to bondholders (assuming $150 billion in unsecured claims). The result does not seem to have impressed bondholders all that much, as LEH's bond are currently marketed 13-14, around the same place they were about a week ago.
Sphere: Related Content
Print this post
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiJRKFco5E4TrUOOhnt_esqvInZ69p3w4BwSwyeDK7ZY11PGvOIA1wzBBBZbMJNIh9TsTyJBgdd0e1ODe81xzhxLBLIzRF66FFprh2D4Jdj0RcKMxbnSu1UpM_4OzScESnSiB6JI1AOT-sp/s400/Jan+MOR.jpg)
Subscribe to:
Post Comments (Atom)
0 comments:
Post a Comment