CDS On Glencore Drop On IPO Speculation

19 Jun 2009

Credit default swaps on Glencore International have dropped sharply on speculation that the company is considering an initial public offering.

Credit default swaps on Glencore International have dropped sharply on speculation that the company is considering an initial public offering. According to CMA DataVision, the CDS fell 36 basis points to 632.5 bps, and then slid further to 625 bps, despite reports that an IPO could be years ...

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