Latest News:
news, comment, analysis and data on the global business of credit trading and investing
Trading
Isda confirms credit event on Dynegy
Thursday, November 10, 2011
Isda has, as expected, quickly confirmed that a default has taken place on Dynegy, which filed its holding company into bankruptcy on Monday. The determinations committee also ruled that there has been a name change for the reference entity, from Dynegy Holdings Inc to Dynegy Holdings LLC. This means that all credit default swaps referring to the company by its old name will be considered to reference the LLC. No date has yet been set for an auction to create a cash-settlement price for Dynegy Holdings credit default swaps.
<< END >>
Related stories
- Yankee financial bonds outperform in US trading 13 hours ago
- Fiat goes wider on talk of possible link-up with struggling... 14 hours ago
- Isda confirms credit event on Kodak 4 months ago
- GM credit auctions confirm bond/loan recovery disparity 2 years ago
- Monoline faces imminent threat of regulatory intervention 3 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 |
