GC Asia
Dubai Sovereign CDS Gap Out
Five-year credit default swaps on Dubai sovereign debt are being quoted as high as 500-550bp, meaning it costs around USD500,000 a year to insure USD10 million of the emirate's debt.
Five-year credit default swaps on Dubai sovereign debt are being quoted as high as 500-550bp, meaning it costs around USD500,000 a year to insure USD10 million of the emirate's debt. The move comes after the Dubai government said on Wednesday it was seeking to restructure the debt of
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