CDS Co Ltd (2169.T)
|Market Cap (Mil.):||¥6,661.27|
|Shares Outstanding (Mil.):||6.92|
(This article first appeared in the October 11 edition of the International Financing Review, a Thomson Reuters publication)
LONDON, Aug 8 (IFR) - A succession event has occurred with respect to Banco Espirito Santo, the ISDA Determinations Committee has ruled, in a move that will transfer the US$953m net notional of credit default swaps referencing the ailing lender to Novo Banco.
LONDON, Aug 6 (IFR) - No bankruptcy credit event has occurred with respect to Banco Espirito Santo, the ISDA Determinations Committee has ruled, removing the possibility of junior bondholders that had bought CDS protection on the ailing lender from receiving any compensation for their losses.