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Market Chatter: SpaceX Credit Derivatives Begin Trading After Bond Offering

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Space Exploration Technologies (SPCX) credit-default swaps have started actively trading after the company priced its inaugural offering of $25 billion of senior notes, Bloomberg reported Thursday, citing people familiar with the matter.

For credit derivatives, bond dealers started transmitting indications of levels at which they would buy and sell protection to investors before the bond sale was disclosed, sources told the media outlet.

SpaceX did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $151.21, Change: $-3.14, Percent Change: -2.03%

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