1. SBI credit default swaps spreads fall post Feb 12

SBI credit default swaps spreads fall post Feb 12

State Bank of India’s (SBI) five-year credit default swap (CDS) spread fell by almost 55 basis points from the February 12 high of 230.60 bps, Bloomberg data shows

By: | Mumbai | Published: February 18, 2016 12:09 AM

State Bank of India’s (SBI) five-year credit default swap (CDS) spread fell by almost 55 basis points from the February 12 high of 230.60 bps, Bloomberg data shows. CDS is an instrument that insures the buyer of a bond against any possible default.

On Wednesday, SBI’s 5-year CDS spread stood at 176.30 basis points. The jump in the bank’s CDS spreads earlier was post the third quarter results which saw a 62% fall in net profits and a considerable rise in bad loans.

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