Thursday
September 18, 2014
Wednesday, August 13, 2014

ISDA sets Argentina CDS auction for August 21

The International Swaps and Derivatives Association (ISDA) will hold an auction on August 21 to settle Argentina's outstanding credit default swaps.

The auction will determine the payout that holders of protection on Argentine debt will receive as a result of the sovereign's default on July 30.

The committee has also determined a list of securities that will be deliverable into the auction, which includes the sovereign's Par 2038, Discount 2033 and Global 2017 notes.

ISDA's 15-member determinations committee put Argentina effectively in default earlier this month, by ruling unanimously that a "failure to pay" event occurred when the sovereign missed a coupon payment on some restructured foreign-law bonds.

  • CommentComment
  • Increase font size Decrease font sizeSize
  • Email article
    email
  • Print
    Print
  • Share
    1. Vote
    2. Not interesting Little interesting Interesting Very interesting Indispensable
Tags:  ISDA  default  Argentina  credit  CDS  





  • Comment
  • Increase font size Decrease font size
  • mail
  • Print

COMMENTS >

Comment




Grupo ámbito ámbito financiero ambito.com Docsalud AlRugby.com Premium El Ciudadano El Tribuno Management

Director: Orlando Mario Vignatti - Edition No. 4255 - This publication is a property of NEFIR S.A. -RNPI Nº 5177376 - Issn 1852 - 9224 - Te. 4349-1500 - San Juan 141 , (C1063ACY) CABA