Holders of credit insurance on
The Swedish debt collector’s unsecured bonds were valued at 76 cents on the euro in an auction on Thursday to settle the credit default swaps, according to a notice on Creditfixings website. Buyers of the contracts will therefore receive a payout equaling 24% of their face value — calculated by subtracting the final bond price from par.
Data from the Depository Trust & Clearing Corporation estimated that the ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.