CDS On RBS Widen On Bond Maturity Issues

04 Sep 2009

Credit default swaps on Royal Bank of Scotland widened after the U.K. Financial Services Authority objected to the bank using government bailout funds to repay more than USD1.5 billion in subordinated bonds.

Credit default swaps on Royal Bank of Scotland widened after the U.K. Financial Services Authority objected to the bank using government bailout funds to repay more than USD1.5 billion in subordinated bonds. Sources say the CDS on the bank widened by 20 basis points to 325 bps following ...

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