iTraxx launches leveraged loan cds indices
The two new indices, LevX Senior and LevX Subordinated, which began trading at the start of November, are referenced to a basket of 35 European leveraged loans
iTraxx has launched a new set of indices for the European leveraged loan credit default swap market, dubbed LevX Senior and LevX Subordinated.
The pricing of the indices happened within the space of a couple of weeks. The senior index priced on Friday October 27 at 170 basis points, with trading starting the following Monday; the subordinated index priced on November 10 at 450 basis points and
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