JPMorgan Chase & Co.’s credit traders are shorting bonds of Adler Group, a real estate firm that has frequently turned to the lender’s investment bankers to help it raise billions of euros of debt.
Traders on the London credit desk of the U.S. bank started betting against the debt of the German-listed group in recent weeks, according to people familiar with the matter, who asked not to be identified because they’re not authorized to talk about the trade. The size of the position is unclear, they said.
"Short" - Google News
August 06, 2021 at 06:30PM
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JPMorgan Marketed Adler Bonds And Now Its Traders Short Them - Bloomberg
"Short" - Google News
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