Thomson credit auction throws out massive results disparity

By Dan Alderson

Thomson’s restructuring credit event auction – easily the most eagerly-anticipated credit event auction to date – has returned a startling disparity in the final results of different maturity buckets

Subscriber-only article

This article is available only to Creditflux subscribers and free trial users within 30 days of publication.

Already a subscriber? Not logged in? Click here to login.

If you have not already done so,
you may request a FREE TRIAL by clicking here

This trial will give you:
  • 4-weeks' free online access to our
    most recent subscriber-only articles
  • Daily breaking news alert sent by email
  • A print copy of Creditflux

If you currently have a free trial, you will see this message when you try to view articles older than 30 days.

Comment by: Anonymous. Posted 14 years ago [2009-10-22 14:29:56]

It is a very bizarre auction. I think most people do not fully understand how it actually happens. The Perps are now 14/16 and the revolving credit facility is 70/74…