Report: Lifemark Bonds in Default


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Report: Lifemark Bonds in Default

Posted March 03, 2010 1:16PM PST

Lifemark has told investors that £12.3 million ($18.6 million) in life settlement bonds underpinning Keydata Investment Services defined income plans have defaulted, Citywire reported. Luxembourg-based Lifemark said it would stop making income payments in order to maintain insurance policy assets, the article said.

Source: News Story

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