(Bloomberg) -- Credit-default swaps based on Corus Group Plc's bonds fell to a two-year low this week after Tata Steel Ltd. delayed a decision on refinancing debt of the U.K. steelmaker it acquired last year.
Contracts on 10 million euros ($13 million) of London-based Corus's debt fell 31,000 euros to 115,000 euros this week, according to data compiled by Bloomberg. Tata Steel, the world's sixth-largest maker of the metal, said April 17 it has yet to decide on whether to redeem Corus's $1.9 billion of outstanding bonds.
Read more at Bloomberg Bonds News
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