Quantcast
Regional News

Detroit Bankruptcy Judge May Consider Swap Settlement

The federal judge overseeing Detroit's bankruptcy case may weigh in this morning on the city's one and only creditor settlement, which terminates a series of interest-rate swaps hedging its pension certificates.

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.
Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.

Already a subscriber? Log in here.

Please note you must now log in with your email address and password.

 

Comments (1)
How do the swap providers get to push ahead of all the other creditors and get such a sweetheart deal? Can the trade bills, pensioners and bondholders expect 75-82 cents on the dollar? And if not, why not?
Posted by csandmel | Friday, August 02 2013 at 11:13AM ET
Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

Upcoming Events

Already a subscriber? Log in here
Please note you must now log in with your email address and password.