HONG KONG: Citigroup Inc, ABN Amro Holding NV and CIMB Group said they made the first credit-default swap trades between banks that are tied to bonds denominated in ringgit.
The trades were linked to the ringgit debt of Projek Lebuhraya Utara Selatan Bhd, a unit of PLUS Expressways Bhd, Citigroup and CIMB said in an e-mailed statement.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!