PorTel June 20 CDS triggered in credit event

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PorTel June 20 CDS triggered in credit event

Portugal Telecom 230x150

Seven bonds will be deliverable when dealers hold an auction next Thursday to settle credit default swaps referencing Portugal Telecom International Finance, with ISDA's Determinations Committee including June 20-terminating PorTel contracts in those triggered by the bankruptcy filing of Brazilian parent firm Oi.

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