CDS market awaits uncertain Intrum auction result
Swedish firm’s restructuring deal limits flexibility in settling contracts, risking curbs on payouts
Credit default swap (CDS) contracts referencing embattled Swedish debt collector Intrum face an uncertain payout from Thursday’s (January 16) default auction, as the derivatives market mechanism becomes the latest battleground for the company’s lenders.
With creditors who have agreed to the company’s restructuring plan holding nearly three quarters of its bonds, market participants have less
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