|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.2405 - 0.2405|
|52-week range||0.2400 - 2.6100|
|Beta (5Y monthly)||0.75|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||09 May 2019|
|1y target est||N/A|
(Bloomberg) -- A Credit Suisse credit line to French grocer Casino Guichard-Perrachon is being sold in an auction on Friday, according to people familiar with the matter. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleUAW Aims For At Least 30% Wage Bump to Woo New MembersBiden Impeachment Hearing Heavy on Politics, Light on
French supermarket chain Casino Guichard-Perrachon's shares surged by 4% to €1.78 on Tuesday, sparked by an in-principle agreement with a majority of its creditors to extend the maturity date for senior secured notes worth €553 million ($591.2 million). The notes, issued by the group's property management entity Quatrim, were originally due in January 2024 but have now been postponed to January 2027.
A committee that reviews disputes in the credit default swaps (CDS) market on Wednesday ruled that a failure to pay credit event occurred regarding retailer Casino Guichard-Perrachon, paving the way for a payout to investors holding the swaps. The French company is undergoing a restructuring process via court conciliation, which will result in Czech billionaire Daniel Kretinsky taking over Casino and its 6.4-billion euro ($6.86 billion) debt being restructured. A number of circumstances can constitute a credit event that can trigger a payout on CDS, which insure against losses from exposure to corporate or sovereign debt.