Northern Rock Tender Offer A Credit Event

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Northern Rock Tender Offer A Credit Event

The determinations committee of the International Swaps and Derivatives Association has ruled that an announcement by Northern Rock of the results of a tender offer on eight series of subordinated bonds constituted a credit event that triggers payout of credit default swaps referencing the U.K. lender.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login

Related articles

Gift this article