(Bloomberg) -- TeliaSonera AB, the biggest Nordic phone company, is becoming a target for leveraged buyout firms after Sweden's government hired banks to help sell its stake in the company, according to traders of credit-default swaps.
Contracts based on 10 million euros ($13.6 million) of TeliaSonera debt are heading for their biggest weekly rise since August, increasing 5,000 euros, or 19 percent, to 31,500 euros, according to data compiled by Bloomberg. Credit-default swaps are financial instruments based on bonds or loans that are used to speculate on a company's ability to repay debt.
Read more at Bloomberg Bonds News
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