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HK firm agrees to buy back Lehman Brothers minibonds

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A financial services company in Hong Kong said on Sunday that it has agreed to buy back all Lehman Brothers minibonds it sold to investors at their original price.

The buy-back involves only five clients, and the total amount of the repurchase is an estimated 1.6 million HK dollars.

This is the second firm to volunteer to buy back the minibonds at their original price. Sun Hung Kai Financial had made a similar offer to its clients in January.

(Xinhua News Agency April 6, 2009)

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