Investors still trading Eksportfinans despite default claim from hedge fund

By Kathleen Gallagher
03 Apr 2014

A failed attempt by a US hedge fund to force a default event on a pair of outstanding Eksportfinans Samurai bonds is likely to be an isolated incident, with most investors happy with their holdings of the agency and some still even trading the credit, bankers said this week.

Eksportfinans — which has not sold a bond since November 2011 when the Norwegian government decided to wind down the issuer — was the subject of a court case in Tokyo brought by hedge fund Silver Point, which claimed the winding down constituted a default clause in its ...

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