Spanish names drag credit indices wider

Spanish renewable energy firm Abengoa was the standout name in the CDS market yesterday as credit indices ended the day a shade wider.

TAGS: CDS

Comment by: Anonymous. Posted 8 years ago [2015-08-06 00:41:08]

Really? A firm can sell new bonds when its CDS spread is already 1800+ bps pa?! I do consider that to be a "surprise announcement!"