First Round: JSC BTA Bank CDS Credit Event Auction

Inside Market Midpoint: 22.25
Net Open Interest: $809 million to sell

Related:
Kazakh SWF won’t issue debt for BTA default
JSC BTA Bank: Change of Control Event of Default (Blog Notes)

And some inspiring material for a financial thriller:
Kazakh Banker Goes on Lam as Defaults Hurt Investors
Kazakh Agency Accuses Ex-Kazatomprom, BTA Heads of Embezzlement

ADD:
Final Price: 10.25

BTA Default Auction to Mean $560 Million Loss for Swap Sellers

Posted by jck on June 10th, 2009 at 10:31 am    0 Comment

Leave a Reply

Sum of 8 + 13 ?
Please leave these two fields as-is:





contact

jck [at]

aleablog [dot] com


© 2010 Alea | Powered by Wordpress