CDS: Spreads narrow on financials, ICICI trading under 400bp

Credit default swap 5-year mid-levels for structured products issuers (Thursday April 30)

Banco Santander, S.A.114.075Bank of America Corp.283.94Barclays Bank Plc184.665BNP Paribas89.98Citigroup Inc579.555Commerzbank AG139.475Credit Agricole SA109.765Credit Suisse Group159.645Deutsche Bank AG140.525Goldman Sachs Group Inc225.005HSBC Bank PLC124.665ICICI Bank Limited391.3ING Bank NV116.57JP Morgan Chase & Co.157.125KBC Group NV285.5Mizuho Corporate Bank112.5Morgan Stanley342.225National Australia Bank123.34Nordea Bank AB123Royal Bank of Scotland Group Plc190.17Societe Generale SA110

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