CIT Bonds Valued at 68.125 Cents to Settle Credit-Default Swaps

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20 November 2009 2:34 PM ( 80 days ago)
Credit derivatives traders settlingcontracts that protected against a default by CIT Group Inc. seta value of 68.125 cents on the dollar for the commerciallender’s bonds. The price, the result of an auction by 13 dealers includingJPMorgan Chase & Co. and Barclays Plc, means s...
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