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Auction to settle Abengoa credit derivative trades set for Jan. 14
By Wendy Van Sickle
Columbus, Ohio, Jan. 7 – The auction to settle the credit derivative trades for Abengoa SA will be held on Jan. 14, according to a notice.
As previously reported, the International Swaps and Derivatives Association, Inc. said in December that its EMEA Credit Derivatives Determinations Committee determined that a failure-to-pay credit event had occurred for Abengoa and that an auction would be held this month.
Abengoa, a Seville, Spain-based industrial and technology group, filed for protection under the Spanish Insolvency Law on Nov. 25.
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