Who Are Lehman’s Largest Unsecured Creditors?

Sept. 15 (Bloomberg) By Jeff St.Onge- Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, owes its 10 largest unsecured creditors more than $157 billion, including debts to bondholders totaling $155 billion and debts to at least seven Japanese bank lenders totaling $1.62 billion.

Lehman said its largest unsecured creditors were Citibank N.A. and The Bank of New York Mellon Corp. in their roles as trustees for bondholders owed an estimated $155 billion. Bond trustees serve an administrative role and aren’t liable for debts to note holders.

The foreign insti’s who stand to lose the most asap are:

• Aozora Bank Ltd., based in Tokyo, owed $463 million for a bank loan
• Mizuho Corporate Bank Ltd., owed $382 million
• and a Citigroup Inc. unit based in Hong Kong owed an estimated $275 million, according to the filing.
• Shinsei Bank Ltd., owed $321 million,
• UFJ Bank owed $185 million,
• Sumitomo Mitsubishi Banking Corp. owed $177 million,
• Shinkin Central Bank owed $93 million
• Chuo Mitsui Trust and Banking owed $93 million.

Senior unsecured note holders are owed $138 billion, subordinated unsecured noteholders are owed $12 billion and junior subordinated note holders are owed $5 billion.

More details of US firms with unsecured loans to Lehman will likely come soon. I will keep you posted.

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