Latest News:
news, comment, analysis and data on the global business of credit trading and investing
Trading
Dealers vote to hold GGP loan CDS auction
Friday, April 17, 2009
Markit announced today that dealers have voted to run a credit event auction to settle loan-only credit default swap trades referencing General Growth Properties. The auction date and timeline will be published on the Creditfixings website.
GGP filed for chapter 11 bankruptcy yesterday, 16 March. Isda's determinations committee had ruled that while a credit event has occurred, dealers would not be holding auctions to settle relevant transactions.
<< END >>
Related stories
- Credit structurers and traders exit Credit Suisse 17 hours ago
- Increased profits power energy utility's spreads tighter 19 hours ago
- Dealers gear up to hold Ambac credit event auction 1 year ago
- Dealers schedule CIT auction for 20 November 2 years ago
- GM credit auctions confirm bond/loan recovery disparity 2 years ago
CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
