ICE to clear Saudi Arabia CDS, adds corps
Intercontinental Exchange (ICE), an operator of exchanges and clearing houses, on Monday announced clearing services for CDS referencing Saudi Arabia, as well as for a host of emerging market and Asia-Pacific corporate single names.
The news comes after Saudi Arabia issued $12.5bn of debt in a triple tranche bond transaction last Wednesday.ICE Clear Credit, the exchange operator's US-based CDS clearing house, will also start clearing Republic of Kazakhstan-referencing CDS, as well as ...
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