(Bloomberg) -- Cognis GmbH, a chemicals maker owned by Goldman Sachs Group Inc. and Permira Advisers Ltd., may hurt bondholders with its plan to borrow 1.65 billion ($2.25 billion) euros, according to traders in the credit-default swap market.
Credit-default swaps based on 10 million euros of the Monheim, Germany-based company's debt this week rose 24,000 euros to 314,000 euros, according to Societe Generale SA. An increase in the contracts, used to bet on a company's ability to repay debt, signals deterioration in the perception of credit quality.
Read more at Bloomberg Bonds News
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