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Edscha LCDS Secured Auction Final Price.... 3.75 Cents On Dollar
Never heard of the company, but any time you have a LCDS auction clearing 3.75 @#&$hairs away from zilch, it can't be good, even more so when you end up with zero net open interest. Yes... you read that right... SECURED recovery of 3.75 for a European auto supplier... Bring on the auto green shoots stat.
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