Dubai Sovereign CDS Gap Out

26 Nov 2009

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 ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial

Want to learn more? View subscription options