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Welcome to Credit Lime. In my spare time I also contribute to a financial reporting site called www.CreditLime.com which provides in-depth analysis and reporting on news and events in the financial, derivative and credit default swap marketplace. I have over a decade of experience in the... More
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  • State Bank of India CDS rise on new CDs from 3G auction 0 comments
    Jun 1, 2010 10:14 PM | about stocks: ING, IBN, HDB, IFN, IGC, EPI, FNI, INR, VOD, RELFF, RS, MTNOY, AAB, ADRE

    State Bank of India (NYSEMKT:SBI) credit default swaps are seeing increasing activity as the main bank involved in financing India’s latest 3G wireless spectrum auction a couple weeks ago is expected to provide up to 20,000 crores (~ US$4.5 billion), of the total 35,000 crores being funded by the country’s banks, by today. In order to fund this commitment, SBI and other banks have driven a surge in certificates of deposit (CDs) issuances.

    Disclosure: long all stocks

    Stocks: ING, IBN, HDB, IFN, IGC, EPI, FNI, INR, VOD, RELFF, RS, MTNOY, AAB, ADRE
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