(Bloomberg) -- Citigroup Inc. and CIMB Group Sdn.
said they made the first credit-default swap trade between banks
that's tied to bonds denominated in the Malaysian currency.
The deal is linked to the ringgit debt of Projek Lebuhraya
Utara Selatan Bhd., a unit of PLUS Expressways Bhd., Malaysia's
largest toll-road operator, the two banks said in an e-mailed
statement today.
Read more at Bloomberg Bonds News
said they made the first credit-default swap trade between banks
that's tied to bonds denominated in the Malaysian currency.
The deal is linked to the ringgit debt of Projek Lebuhraya
Utara Selatan Bhd., a unit of PLUS Expressways Bhd., Malaysia's
largest toll-road operator, the two banks said in an e-mailed
statement today.
Read more at Bloomberg Bonds News
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