Bundesbank is planning to offload property-related assets left after the bankruptcy of Lehman Brothers Holdings in 2008, Bloomberg reports. The sale will include securities used as collateral by Lehman Brothers Bankhaus, the German arm of the U.S. lender, in refinancing conducted through the Bundesbank. The German central bank recruited AgFe, a structured finance adviser, to handle the sale. The value of the assets may be more than $5.4 billion, adds PropertyEU.
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