CDS On Porsche Widen

18 May 2009

Five-year credit default swaps on Porsche widened after Volkswagen announced it was postponing merger talks with the rival automaker.

Five-year credit default swaps on Porsche widened after Volkswagen announced it was postponing merger talks with the rival automaker. CDS on Porsche rose 70 basis points to 415-445 bps, where CDS on Volkswagen remain unchanged. VW called off the talks because it felt the parties were not ready ...

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