by Francis Chan

INVESTORS of Lehman Minibonds who are still holding the credit-linked notes should get some money back in 'a few months', said PricewaterhouseCoopers Singapore (PwC), receivers of the toxic investments on Thursday.

The announcement will bring some cheer to investors who were unable to come to settlements with distributors that sold the products. It also allays fears that the process to recover some of the hundreds of millions of dollars lost would be bogged down in lengthy cross-border legal wrangles.

PwC said the receivers have taken control of the underlying collateral of the notes and have started the process of realising the residual values before paying noteholders. The collateral consists mainly of corporate bonds held by two special purpose vehicles in the Cayman Islands.

Read the full story in Friday's edition of The Straits Times.

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