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Aiful becomes Japan’s first CDS auction settlement

|Includes: AIFLY, Japan Airlines (JALSF), JALSY

Consumer finance and non-bank financial company, Aiful, had its credit default swap auction settlement yesterday. The auction resulted in a final price of ¥33.875 (yen). And if that wasn't enough, Japan will be having its second auction just around the corner to settle the CDS on Japan Airlines which also bankrupt and is in restructuring. See more here

Disclosure: long all stocks