CHK bankruptcy arb?

Discussion in 'Fixed Income' started by ScroogeMcDuck, Apr 15, 2020.

  1. Sig


    Not sure you can trust IB when it comes to where they sit in the debt precedence stack. That said, the '20 bond is only exposed to 4 months of BR risk and the '23 is exposed to nearly 3 years. Given that they're worth pennies on the dollar in BR as unsecured it seems about right that you'd see that big of a difference. I think most folks think it's pretty likely they file sometime between now and then.