(Bloomberg) -- The perceived risk of owning the debt
of Japan Airlines Corp. plunged after a report said the carrier
asked its main banks for up to 400 billion yen ($3.3 billion).
Credit-default swaps based on 1 billion yen of Japan Air
bonds fell by 3 million yen to 20.5 million yen today, the lowest
since March, according to prices from BNP Paribas. The five-year
contracts allow traders to bet on a company's ability to repay its
debt. A decline suggests improving credit quality.
Read more at Bloomberg Bonds News
of Japan Airlines Corp. plunged after a report said the carrier
asked its main banks for up to 400 billion yen ($3.3 billion).
Credit-default swaps based on 1 billion yen of Japan Air
bonds fell by 3 million yen to 20.5 million yen today, the lowest
since March, according to prices from BNP Paribas. The five-year
contracts allow traders to bet on a company's ability to repay its
debt. A decline suggests improving credit quality.
Read more at Bloomberg Bonds News
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