(Bloomberg) -- EMI Group Plc, the record company behind the Beatles, said it may sell asset-backed bonds, raising concern credit-default swaps based on the company's existing debt will expire virtually worthless.
Contracts based on 10 million euros ($13 million) of EMI's debt fell 50,000 euros to 160,000 today, according to Deutsche Bank AG. EMI said it hired Deutsche Bank AG and Royal Bank of Scotland Group Plc to examine the sale of securities that traders speculated may replace existing bonds.
Read more at Bloomberg Bonds News
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment