Citibank Hong Kong is repurchasing notes worth $136.19 million issued by Lehman Brothers, The Wall Street Journal reports. The Citigroup unit, which distributed the notes, will pay 80% of the value of outstanding market-linked and equity-linked bonds to entitled customers without admitting liability.

Nearly 92% of Hong Kong investors holding the notes are eligible for the offer, while professional investors will not qualify. Following the move, financial services providers in Hong Kong have offered to repay 35,000 investors more than $1.22 billion for Lehman Brothers-related structured products.

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