New Issue-Lehman prices $2.4 bln mortgage notes

Newswire

NEW YORK, Aug 16 (Reuters) - Lehman Brothers Holdings Inc. Tuesday priced $2.4 billion in mortgage-backed securities supported by home loans it acquired, a source close to the deal said. Lehman issued the notes through a securitization vehicle, Structured Asset Investment Loan Trust (SAIL). Lehman's investment banking arm was the deal's lead underwriter, the source said. The following are terms and conditions on public classes of "Structured Asset Investment Loan Trust (SAIL) ...

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