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Retailers, travel cos and Italian banks lead charge as market rally accelerates
2 years ago
Retail companies have been resurgent on Thursday as the credit market’s relief rally gathered pace, with Europe seeking to catch up with the US following its strong surge -
German property co hits new wides as investors scrutinise investigation report
2 years ago
The bearish momentum that gripped financial markets on Friday has spilled over the weekend into Monday's session, with an especially big move in the debt of one German real estate borrower taking it to worrisome spread levels -
Wirecard triggers first European CDS credit event of 2020
3 years ago
Wirecard has triggered a bankruptcy credit event, the Determinations Committee has ruled, making it the first European CDS name of 2020 to require settlement at auction -
Morgan Stanley joins bidders for Frontier CDS auction
4 years ago
Morgan Stanley has been added to the list of participating bidders for a credit event auction this week to settle Frontier Communications CDS -
CLOs on lookout as Neiman recovery signals slump and DC confirms credit event
4 years ago
Five-year CDS referencing Neiman Marcus widened by four points to 95.25 points up front, according to IHS Markit, as the Americas Determinations Committee confirmed the US retailer has triggered a bankruptcy credit event -
CDX HY and tranches hit as Whiting protection buyers win big pay-out
4 years ago
Whiting Petroleum CDS have settled at a final price of just seven cents, meaning a 93 cents pay-out to buyers of protection on the Denver headquartered exploration firm -
Whiting CDS heads to auction, with Morgan Stanley joining bidders
4 years ago
The credit event auction to determine Whiting Petroleum CDS takes place today, with Morgan Stanley added to participating bidders and the pay-out to protection buyers expected to be as much as 90 cents in the dollar -
Credit keeps its own rhythm amid oil crash and EU clash
4 years ago
As another week of worry and disappointment ends, the most optimistic thing that can be said for credit is the new peak spreads are lower than those that went before - suggesting a more manageable level of volatility is starting to characterise the market -
Date set for Whiting Petroleum credit event auction
4 years ago
Dealers will hold a credit event auction on 29 April to settle CDS referencing bankrupt US firm Whiting Petroleum, the Americas Determinations Committee said -
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 -
Thomas Cook CDS buyers face bond squeeze as DC ejects 2023 notes from auction
4 years ago
The likelihood of a squeeze on Thomas Cook Group obligations has increased for market participants looking to physically settle their CDS contracts, after the Determinations Committee ruled that the collapsed UK travel firm’s €400 million 3.875% senior notes due 2023 were inadmissible into a credit event auction -
Thomas Cook CDS auction set for two deliverables
4 years ago
Market participants have until 5pm London time (12pm New York) on Thursday to challenge the supplemental list for an auction to settle CDS referencing Thomas Cook Group, which so far looks like it will have two deliverable obligations -
Galapagos CDS settles higher than expected despite net interest to sell
4 years ago
Galapagos Holdings CDS settled at a price that, while low, was nonetheless higher than had been implied by initial markets despite a net open interest among participating dealers to sell the company’s bonds -
Weatherford CDS auction delivers 55.5 cent pay-out to protection buyers
4 years ago
A credit event auction to settle Weatherford International CDS returned a final price of 44.5 cents on the dollar, lower than where bonds had been quoted and meaning a pay-out to protection buyers of 55.5 cents -
Windstream set for high CDS pay-out as DC picks initial deliverable obligations
5 years ago
Windstream Holdings CDS protection holders look set for a high pay-out, as the cheapest deliverable obligations into the defaulted company’s credit event auction are quoted in the mid-20s -
Windstream has triggered bankruptcy credit event, not failure to pay, says DC
5 years ago
The Americas Credit Derivatives Determinations Committee has ruled that Windstream Holdings has triggered a bankruptcy credit event, after the US phone company filed for Chapter 11 protection on Monday -
Windstream bankruptcy credit event weighed by Determinations Committee
5 years ago
The Americas Credit Derivatives Determinations Committee has been asked to decide whether Windstream Holdings has triggered a bankruptcy credit event, after the US phone company yesterday filed for Chapter 11 protection -
Boost for Parker Drilling protection buyers as CDS settles lower than expected
5 years ago
Parker Drilling credit default swaps have settled at a lower value than expected, after physical settlement sell requests drove down the price at auction and increased the windfall for protection buyers
19 results found Showing page 1 of 1
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