Garantum
ISDA Determinations Committee have declared that an credit event (recontruction) have occured in Norske Skogindustrier ASA (22th april)
External link about the event >>
The event in Norske Skogindustrier ASA affects iTraxx Europe Crossover S7-S23.
Following products will be affected:
Handelsbanken
Société Généralé
Nordea
Danske Bank
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Official confirmation of how this event affects each separate product, as possible impairment of nominal value/coupon, will be announced continuously during June/July as we confirmed with the relevant parties.
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