Backlogged TXU Paper Hits Mart

07 Mar 2008

Lead banks started trading the leftover $3.45 billion "B1" tranche for Energy Futures Holdings--formerly TXU--last Monday after an agreement among the banks that barred them from selling down the loan expired.

Lead banks started trading the leftover $3.45 billion "B1" tranche for Energy Futures Holdings--formerly TXU--last Monday after an agreement among the banks that barred them from selling down the loan expired. Once that agreement expired Feb. 29, it was a free-for-all, a banker said. "To think an underwriting ...

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