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Issuers
Hawaiian Telcom recovery is sub 50, says sources
Wednesday, November 5, 2008
Markets sources note that Hawaiian Telcom, which missed its interest payment on 3 November, will suffer recovery rates of less than 50 cents on loans. Hawaiian Telcom retains $1.07 billion in debt, has 30 days to complete its interest payments in order to avoid a credit event.
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Trading
Structured
CFlux secondary
CLO index levels:
| Index | 21 May |
|
| CFlux USD AAA | ↑ | 96.2 |
| CFlux USD AA | ↑ |
88.3 |
| CFlux USD A | ↓ | 84.1 |
| CFlux USD BBB | ↓ | 75.3 |
| CFlux USD BB | ↓ |
74.1 |
| CFlux USD EQ | ↑ | 77.5 |
