Fears that bumper coupon could skew iHeart CDS payouts

The auction is scheduled for January 13 — Unlucky for some? Auction is scheduled for January 13

Chris Davis
04 Jan 2017

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Market participants are divided over whether the iHeart Communications credit derivatives default auction should be moved amid concerns an upcoming coupon payment might skew the payouts for the single name contracts and indexes that include the company.

On December 21, the International Swaps and Derivatives Association's credit derivatives determinations committee (DC) ruled that US radio broadcaster iHeart Communications had triggered a failure-to-pay credit event on its credit default swaps

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]