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Dallas retirement system allocates USD 60m to credit funds
2 months ago
The Dallas Employees' Retirement Fund has allocated USD 60m to three separate credit funds as the Texas-based system grows its allocations to private credit and distressed debt -
Lumen Technologies ad-hoc group preps competing proposal
6 months ago
The refinancing of Lumen Technologies, currently held by 1311 different CLOs with a combined principal balance of USD 3.8bn, took a new twist today as details of a competing proposal emerged -
Casino failure to secure requisite default waivers, non-payment of social security charges and taxes prompt questions on CDS triggers
10 months ago
Casino Group announcements that it failed to obtain the requisite consent from its bondholders and RCF lenders to effect a payment standstill and to waive any defaults for the duration of its conciliation proceedings and that it deferred payment of its tax and social security liabilities have led market participants to submit credit event requests to the Credit Derivatives Determination Committees (DC). -
Egypt works its Sharm on credit markets
1 year ago
Egypt looks to be reaping the benefits of hosting the Cop 27 climate summit in Sharm el-Sheik, with the country’s credit spreads on a sharp rally this week -
Russia CDS auction deliverables list takes shape after sanctions licence
1 year ago
Russian Federation bonds cleared by Euroclear may be the only deliverable obligations to settle sovereign CDS contracts referencing the country, the Emea Determinations Committee has said, although it is also considering Clearstream listed bonds as it moves forward with preparations for a credit event auction -
Russia triggers failure-to-pay credit event
1 year ago
The Russian Federation has triggered a failure-to-pay credit event on sovereign bonds, the Credit Derivatives Determinations Committee has ruled – marking an historic moment that caps off a long run of deliberations on the country’s international debt since it invaded Ukraine on 24 February -
Russia default claims resurface to shorten timeline to possible credit event
1 year ago
Russia is back in the spotlight amid renewed sovereign debt default claims, with the Credit Derivatives Determinations Committee asked once again to rule whether the country has triggered a failure-to-pay credit event -
Russia looks to avoid default as deliverable list points to 27-cent recovery
2 years ago
The Credit Derivatives Determinations Committee has published a preliminary list of bonds it deems deliverable into Russian Federation CDS contracts, even though reports suggest Russia may have avoided default with just one day left on the country's grace period for overdue international bond payments -
Zambia triggers failure to pay credit event
3 years ago
The Republic of Zambia has triggered a failure-to-pay credit event, he EMEA Determinations Committee has ruled -
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 -
US pension to cut long-term private markets pacing plan by 10%
4 years ago
The Educational Employees' Supplemental Retirement System of Fairfax County is considering reducing its 10-year private markets pacing plan commitments by around 10%, according to board documentation seen by Creditflux -
McClatchy whacks out killer headline as CDS pays 98 cents
4 years ago
A month ago, when US newspaper company McClatchy triggered a bankruptcy credit event, sellers of CDS protection may have consoled themselves they were only looking at paying out around 27 cents on the contracts. But yesterday’s credit event auction set the final price at just two, meaning a whopping 98 cent windfall for protection buyers -
McClatchy bonds point to 50 cent CDS pay-out as auction deliverables finalised
4 years ago
McClatchy CDS in on course to pay out around 50 cents, based on cheapest bonds to deliver, after the Americas Determinations finalised five deliverable obligations for the media company’s credit event auction next week -
McClatchy initial list points to 48 cent CDS pay-out
4 years ago
McClatchy CDS looks set to pay out around 47.5 cents to protection holders, if bonds on an initial list of deliverable obligations for the media company’s credit event auction make it to the final list -
West coast pension looks to step up direct lending allocations
4 years ago
The City of Fresno Retirement System will commit $140-160 million to private credit for the next two years, according to board documentation seen by Creditflux. This comes amid a pause in direct lending commitments for the pension fund, which has not committed any capital to this market in 2019 -
Saba's lawsuit highlights failings of high yield liquidity
7 years ago
Saba recently settled a lawsuit with a client, which highlights how liquidity can evaporate in the high yield market
16 results found Showing page 1 of 1
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