Second credit event hits LevX with British Vita

13 Jan 2009

Market makers have voted to hold a credit event auction for the LCDS of chemicals group British Vita — the second in the history of the LevX and the second within a week.

Markit, the owner of the LevX, has set February 10 as the auction date.

Sanitec, the Finnish marker of bathroom fittings owned by EQT Partners, last week became the first company in the LevX index to trigger a credit event — though it hasn’t defaulted. Market makers also ...

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