Israeli investors receive half of Lehman principal

Isreali investors in structured bonds sold by Excellence Investments will receive back around half their principal for the maturing structured bonds, which were backed by Lehman Brothers Bankhaus in Germany. The products were sold via special vehicle companies Keshet and World Currencies and are expected to return between 49% and 58% to institutional investors, according to Israel's Globes paper. Last week, Keshet announced that its product, launched in 2005 with NIS320m (€67.6m), will redeem a