Latest News:
news, comment, analysis and data on the global business of credit trading and investing
Trading
Dealers to hold auction for Georgia Gulf LCDS, says Isda
Tuesday, May 19, 2009
The International Swaps and Derivatives Association has today announced that LCDX dealers have voted to hold an auction for loan-only CDS transactions referencing Georgia Gulf Corporation, a North American manufacturer and international marketer of commodity chemicals. Georgia Gulf announced that it failed to make interest payments on bonds that were due 15 April.
<< END >>
Related stories
- Yankee financial bonds outperform in US trading 11 hours ago
- Fiat goes wider on talk of possible link-up with struggling... 12 hours ago
- Boston Generating LCDS settles at high final price 1 year ago
- MGM bucks the trend with lowest LCDS recovery since June 2 years ago
- Loan cancellations scaring LCDS protection buyers, say traders 2 years ago
Structured
Issuers
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 |
