ADIA files claim against Lehman

The Abu Dhabi Investment Authority (ADIA) is among a group of international creditors to file claims against the collapsed US investment bank Lehman Brothers.

ADIA is seeking payments from US$610 million (Dh2.24 billion) it held in commercial paper purchased in the weeks before Lehman’s failure. The debt, which yielded around 2.9 per cent, was due to mature just weeks after Lehman’s bankruptcy filing.

Filing claims alongside Abu Dhabi’s sovereign wealth fund were major financial institutions including the UK’s Barclays Bank and US bank Morgan Stanley, according to the claims administrator’s website.