Parker Drilling recovery implied at 45 cents as dealers get set for CDS auction

By Dan Alderson

Wednesday, January 23, 2019

An auction to settle credit default swaps referencing Parker Drilling will take place today, with bond trading levels of the defaulted company implying a payout to protection buyers of around 45-46 cents on the dollar

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TAGS: CDS High yield bonds Distressed debt Credit derivatives North America

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