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Get paid to be short through loan-CDS trades, suggests Barclays

Thursday, April 24, 2014

Sabre, Rite Aid and iStar Financial top the list of credits where being long loans and short through credit default swaps generates a positive carry

Comment by: Anonymous. Posted 10 years ago [2014-04-25 00:55:13]

Interesting, while I don't see an error in the Barclays analysis, neither do I see discussion in their article about the possibility of near-term loan prepayment (leaving the investors with just the CDS short) or a survey of whether Sabre and other issuers have significant unsecured debt to deliver into the CDS.

Funds

Debtwire FY23 US Direct Lender Rankings 1 day ago
AXA wins USD 400m for SRT strategy from US pension fund 1 day ago
Blue Owl brings sovereign wealth fund deputy CIO onboard 1 day ago
Australian private credit fund-of-funds launched for retail investors 3 days ago
New Mexico pension system approves USD 150m top-up to distressed debt fund 3 days ago

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