Lehman launches trio of exchange-traded notes
Lehman Brothers Holdings Inc on Thursday said it is launching a trio of exchange-traded note issues, a type of debt security that tracks the performance of a particular index.
By Agencies |
NEW YORK: Lehman Brothers Holdings Inc on Thursday said it is launching a trio of exchange-traded note issues, a type of debt security that tracks the performance of a particular index.
Lehman, in a statement, said it launched ETNs to track the Standard & Poor's listed private equity index, the Lehman Brothers Commodity Index (LBCI) and the agricultural components of the LBCI.
The notes will trade on the American Stock Exchange and on NYSE Euronext's Pacific exchange, Arca, Lehman said.
The market for ETNs -- which combine aspects of traditional debt securities such as bonds and exchange-traded funds (ETFs) and were first introduced in June 2006 -- has grown to $5.5 billion, according to Lehman's statement.
Lehman, in a statement, said it launched ETNs to track the Standard & Poor's listed private equity index, the Lehman Brothers Commodity Index (LBCI) and the agricultural components of the LBCI.
The notes will trade on the American Stock Exchange and on NYSE Euronext's Pacific exchange, Arca, Lehman said.
The market for ETNs -- which combine aspects of traditional debt securities such as bonds and exchange-traded funds (ETFs) and were first introduced in June 2006 -- has grown to $5.5 billion, according to Lehman's statement.
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