Giulia Morpurgo

Das Marktgremium, das über Zweifelsfälle bei Kreditausfall-Swaps (CDS) entscheidet, hat am gestrigen Dienstag erstmals zu der Frage getagt, ob die Abschreibung von Additional-Tier-1-Anleihen (AT1) der Credit Suisse Group AG eine Auszahlung auslöst.

A panel tasked with overseeing the credit default swaps market has ruled that the write down of Credit Suisse Group AG’s Additional Tier 1 notes will not trigger an insurance payout.

Credit default swaps tied to Credit Suisse Group AG subordinated debt are falling after a panel ruled that the wipe-out of the Additional Tier 1 notes won’t trigger a payout.

Credit default swaps (CDS) tied to Credit Suisse Group subordinated debt are tumbling after a panel ruled that the wipeout of the Additional Tier 1 notes won’t trigger a payout.

A panel overseeing the credit-default swap market has ruled that the government-brokered takeover of Credit Suisse Group AG didn’t constitute a bankruptcy event in which an insurance payout could be triggered.

Das Marktgremium für Streitfragen bei Kreditausfall-Swaps (CDS) hat entschieden, dass die Notübernahme der Credit Suisse Group AG durch die UBS Group AG kein Kreditereignis darstellt, das eine Auszahlung von Kreditabsicherungen ausgelöst haben könnte.

UK online car retailer Cazoo Group Ltd. is in talks with its creditors about restructuring debt it raised just over a year ago to fund a now-halted expansion into Europe.

Some of the biggest private debt providers are building restructuring teams in house

Welcome to The Brink. It’s Katharine Hidalgo and Giulia Morpurgo in London, where more and more private lenders are taking over troubled firms they have invested in. But before getting into that, let’s look at what SVP’s founder Victor Khosla told Rachel Butt in New York about prospects for distressed debt investors. We also have the latest on Casino and recovery on defaulted leveraged loans. Follow this link to subscribe. Send us feedback and tips at rbutt4@bloomberg.net or Tweet/DM to @rachel_butt.

Asda struck a deal to buy EG Group’s UK and Ireland gas-station business in a move that aims to create a convenience retailing empire.