Refine Search
Article Categories
Strategy Tags
- Emerging markets (10)
- High yield bonds (remove)
- Structured credit (1)
- CLO (1)
- Distressed debt (remove)
- Leveraged loans (1)
- Synthetic/SRT (59)
Geography Tags
-
Selecta splashes CLOs with bankruptcy credit event
3 years ago
Selecta Group has triggered a bankruptcy credit event, the Emea Determinations Committee has ruled -
Tranche traders smell the coffee as Crossover default percolates
3 years ago
Selecta Group looks set to become the third European credit event in as many months to hit series 33 of the iTraxx Crossover index and tranches based on series 32 -
Dealers cut Pizza Express final price to shape of pizza
3 years ago
An auction to settle Pizza Express CDS ended up paying out almost 100% to buyers of protection, with dealers driving the final price even lower than they had initially bid -
Pizza Express auction leaves protection sellers with just pineapple
3 years ago
An auction to settle Pizza Express CDS looks set to leave protection sellers with little solace, after the first round of bidding indicated a high pay-out on contracts referencing the UK-based restaurant chain -
Pizza Express auction date set with two bonds on initial list
3 years ago
Pizza Express 2014-version CDS contracts will be settled at auction on 1 October, following the UK food retailer’s triggering of a failure-to-pay credit event this month -
Crossover dips below 300bp as retailers leave the basket
3 years ago
The removal of defaulting constituents Hema and Matalan from iTraxx Crossover has helped take the index to its tightest prints since the start of the coronavirus sell-off -
Matalan auction initial bids point to lower than expected CDS pay out
3 years ago
Early bidding in a credit event auction today to settle CDS referencing UK retailer Matalan indicates the final result will be higher than predicted by recent five-year quotes but roughly in line with modelled recoveries -
Noble and Hema produce disparate pay outs for CDS
3 years ago
This week has brought the high and lows of CDS settlement, with Noble Corporation bestowing an ultra low high pay-out for protection buyers after Hema protection sellers suffered less of a hit than was modelled by assumed recoveries -
Pizza Express triggers failure-to-pay credit event
3 years ago
Pizza Express has triggered a failure-to-pay credit event, the Emea Determinations Committee has ruled -
Europcar restructuring plans send bonds and CDS into skid
3 years ago
Europcar Mobility Group's bonds have plummeted and CDS referencing them have gapped wider after the French car hire firm said it will open talks with creditors about a debt restructuring -
Pizza Express serves up credit event question after very long wait
3 years ago
Pizza Express has been proposed as a failure-to-pay credit event to the Emea Determinations Committee, following the UK food retailer's decision not to make interest payments on bonds -
Credit event auctions mount as European resistance breaks
3 years ago
Two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years — have made 2020 the second busiest year ever for credit event auctions -
Hema and Matalan deliverable lists outline payouts for CDS
3 years ago
Only one bond looks to be deliverable into a credit event auction to settle Hema CDS contracts, while two notes will be deliverable into Matalan CDS contracts -
Ensco CDS leap wider on credit event trigger
3 years ago
CDS contracts referencing Ensco International, a Houston based subsidiary of offshore driller Valaris, have shot wider after the Americas Determinations Committee ruled the company has triggered a bankruptcy credit event -
Hema and Matalan auctions set as DC ponders Ensco credit event
3 years ago
Dates have been set for credit event auctions to settle two constituent defaults in iTraxx Crossover — the first to hit the European on-the-run index in almost two years -
Valaris and Ensco posed to DC as bankruptcy credit events
3 years ago
Valaris and its subsidiary Ensco International Incorporated have been proposed to the Americas Determinations Committee as bankruptcy credit events after the group filed for chapter 11 protection in August -
Hema triggers failure-to-pay credit event
3 years ago
Hema, the Dutch retailer, has triggered a failure to pay credit event, the EMEA Determinations Committee has ruled - making it the second default this month to dent the iTraxx Crossover index and its tranches -
Hema credit event question posits second Crossover default this month
3 years ago
Hema, the Dutch retailer, has been posed as a failure to pay credit event to the Determinations Committee, raising the possibility of a second default in the on-the-run iTraxx Crossover index -
Matalan credit event ruling draws heavily on precedents, says DC
3 years ago
A bankruptcy credit event ruling on Matalan - the first this year in a European index - was a close call and relied heavily on several precedent credit events, the EMEA Determinations Committee has said -
Matalan becomes first Crossover index default in over year
3 years ago
Matalan, the UK based retailer, is the first default to hit the on-the-run series of Europe's iTraxx Crossover index, with the Determinations Committee ruling it has triggered a bankruptcy credit event -
Noble Corp auction date set as low recoveries stack up
3 years ago
The Americas Determinations Committee has set a date to settle CDS referencing the offshore driller, which looks set to follow Chesapeake Energy as the latest in a run of big pay outs for protection buyers -
Wirecard CDS settles above single digits
3 years ago
Wirecard CDS just about bucked the recent trend of defaulting credits settling in single digits at auction -
Seven dealers sign up for Wirecard CDS auction
3 years ago
An auction tomorrow to settle Wirecard CDS will have just seven participating dealers - three fewer than has been customary in other recent credit event settlements -
DC sets Wirecard CDS auction date, obligations and settlement terms
3 years ago
The Determinations Committee for Europe, Middle East and Africa has set a date to settle CDS contracts referencing German digital payments company Wirecard -
Wirecard splits DC on auction vote
3 years ago
Wirecard has caused a split at the Determinations Committee, whose members only narrowly reached a supermajority vote to hold a credit even auction for the German digital payments company
Want all the latest news, comment, analysis and data?