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ISDA sets May 2 auction to settle credit default swaps for Novo Banco
By Tali Rackner
Minneapolis, April 17 – International Swaps and Derivatives Association, Inc. scheduled an auction for May 2 to settle credit default swaps for Novo Banco, SA, according to a notice.
The ISDA’s EMEA credit derivatives determinations committee determined that a restructuring credit event has occurred for Novo Banco, according to a notice by the ISDA.
Novo Banco is a bank based in Lisbon.
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