CIFG Settles With CDS Counterparties

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CIFG Settles With CDS Counterparties

CIFG Holding has announced that along with principal shareholders Banque Populaire Group and Caisse d’Epargne Group, it has reached a final settlement with the credit default swap counterparties and bondholders of 98% of its gross par outstanding of asset-backed securities collateralized debt obligation exposure, among other things.

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