Argentina CDS auction delayed until September


The International Swaps and Derivatives Association has delayed Argentina's CDS auction until September.

An issue arose yesterday regarding the addition of two Japanese-law restructured notes to be included at the auction, and needs to be resolved before the sale can take place.

The auction, run by Creditex and Markit, will establish the payout that holders of protection on Argentine bonds will receive as a result of the country's recent default.

ETFs: ARGT

Previously: Argentina CDS auction set for Aug. 21

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Comments (1)
  • june1234
    , contributor
    Comments (4412) | Send Message
     
    I'll give them a six pack(domestic nothing fancy).
    20 Aug 2014, 03:03 AM Reply Like
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