In Europe, telecommunications was the most active sector for the fourth month in a row, with Telecom Italia and Netherlands-based KPN among the most active single names. London and Amsterdam-based publisher Reed Elsevier and UK media company Pearson helped make publishing one of GFI’s most active sectors. Portugal Telecom International Finance was also on the most-active list.
In Asia, financial services remained the most active sector for the ninth month running, led by Kazakhstan-based Bank TuranAlem and Japan-based banks Aiful, Softbank and Takefuji. Tokyo-based Toshiba was one of the most active single names, pushing the computing sector back into the most-active list.
GFI also said January’s most active sovereign CDSs were referenced to the governments of Brazil, Russia, Turkey, Ukraine and Venezuela.