Pacific Gas & Electric CDS set for high recovery as initial obligations trade above 74

By Dan Alderson

Wednesday, February 06, 2019

Pacific Gas and Electric Company CDS look set for a high recovery, despite a long list of obligations being selected as deliverables into the credit event auction for the defaulted borrower, since eligible bonds are all quoted in the mid-70s or 80s

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

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