Lehman Auctions Off $852 Million of Loans
Published September 16th, 2008
Lehman Brothers is offering to sell $852 million of high-yield, high-risk loans, after filing for bankruptcy.
New York-based Lehman, which failed to find a buyer as its share price tumbled, has $7.1 billion of high-yield loans and bonds on its books, the bank said on Sept. 10.
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