(Reuters) - The cost to insure GM's bonds with credit default swaps
fell about 75 basis points to 615 basis points, which means it
costs $615,000 annually to protect $10 million of debt for five
years.
GM's 8.375 percent bonds maturing in 2033 rose almost 4
cents on the dollar to 85.19 cents, according to MarketAxess.
Read more at Reuters.com Bonds News
fell about 75 basis points to 615 basis points, which means it
costs $615,000 annually to protect $10 million of debt for five
years.
GM's 8.375 percent bonds maturing in 2033 rose almost 4
cents on the dollar to 85.19 cents, according to MarketAxess.
Read more at Reuters.com Bonds News
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