The US financial giant distributed the notes to investors via Citibank.
Kornreich said in a statement Citibank Indonesia would buy in cash the notes at a price 70 percent of the value of the investment minus payments in coupon already received by the holders.
"The offer was made for all clients concerned starting Nov. 13, 2012," he said, adding all holders immediately accepted the offer.
The offer is an expression of gratitude for the loyalty and confidence shown by the clients to the bank, he said.
The bank is not required to buy the notes, but protecting clients is one of its commitments, he said.
Citibank Country Officer in Indonesia, Tigor M. Siahaan said the bank has continued to help holders find way to recover their money since Lehman Brothers collapsed in the financial crisis in 2008.
One of the investors Zafar said he was satisfied with the role played by Citibank in settling their problem. (ASG/S012)
Editor: Kunto Wibisono
Copyright © ANTARA 2013
