Judgement day for Rallye/Casino

Supermarket Checkout
By Owen Sanderson
30 May 2019

Buyers of credit default swap protection on bonds issued by Rallye, the holding company of French supermarket chain Casino, will find out on Friday how their positions might be settled, reports Owen Sanderson.

It was ruled earlier this week that the company’s sauvegarde procedure was a bankruptcy credit event. Lenders to Rallye are set to appoint advisers on Friday, and law firms are said to be contacting bondholders about setting up creditor committees.

BNP ParibasCrédit Agricole CIB, Crédit Mutuel-CIC, 

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial