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Some Lehman Brothers Creditors Set for Payday 12 Years After Collapse

  • Liquidators sent investors notice of proposed interim payment
  • ECAPS notes were issued back in 2007 for regulatory capital
Lehman Brothers headquarters in New York in 2008.

Lehman Brothers headquarters in New York in 2008.

Photographer: Mario Tama/Getty Images

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Investors in two subordinated bonds from Lehman Brothers received word that a payment is coming, just two weeks after the 12th anniversary of one of the world’s most spectacular banking collapses.

A proposed “initial interim payment” will go to owners of a 200 million euro ($234 million) note and a $500 million issue, according to a statement from liquidators distributed on Tuesday. The size of this payment will be disclosed in a formal payment notice.