Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Wind Credit-Default Swaps Fall to Lowest in More Than Two Years

Sept. 18 (Bloomberg) -- The cost of insuring the debt of Wind Acquisition Finance SA, a unit of Italian mobile provider Wind Telecomunicazioni SpA, fell for a third day to the lowest level since June 2011.

Credit-default swaps on Wind dropped as much as 23.5 basis points today to 423 basis points, according to data compiled by Bloomberg. The swaps are down from 508 basis points Sept. 13 and the equivalent of 1,680 basis points in July 2012.

The company’s 11.75 percent bonds maturing in July 2017 were quoted at 106.5 cents on the euro, the highest since July 24, at 2:40 p.m. in London, up from 101.8 cents in June.

A basis point on a credit-default swap protecting 10 million euros ($13.3 million) of debt from default for five years is equivalent to 1,000 euros a year. Swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a borrower fail to adhere to its debt agreements.

To contact the reporter on this story: Abigail Moses in London at

To contact the editor responsible for this story: Shelley Smith at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.