(Bloomberg) -- Citigroup Inc., ABN Amro Holding NV
and CIMB Group Sdn. said they made the first credit-default swap
trades between banks that are tied to bonds denominated in the
Malaysian currency.
The trades were linked to the ringgit debt of Projek
Lebuhraya Utara Selatan Bhd., a unit of PLUS Expressways Bhd.,
Malaysia's largest toll-road operator, Citigroup and CIMB said
in an e-mailed statement. CIMB entered into two separate trades
of different maturities with New York-based Citigroup and
Amsterdam-based ABN, the Malaysian bank said in another
statement today.
Read more at Bloomberg Bonds News
and CIMB Group Sdn. said they made the first credit-default swap
trades between banks that are tied to bonds denominated in the
Malaysian currency.
The trades were linked to the ringgit debt of Projek
Lebuhraya Utara Selatan Bhd., a unit of PLUS Expressways Bhd.,
Malaysia's largest toll-road operator, Citigroup and CIMB said
in an e-mailed statement. CIMB entered into two separate trades
of different maturities with New York-based Citigroup and
Amsterdam-based ABN, the Malaysian bank said in another
statement today.
Read more at Bloomberg Bonds News
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