Undexia

DJ: DEXIA CEO: BANK TO REMAIN PUBLICLY TRADED

Update – speaking of zombies… Interesting to note that the €90bn 2011 edition of Dexia’s state guarantee bears a term of 10 years. The €150bn 2008 version guaranteed debt with a maximum maturity of three years. (The split among the guarantees — Belgium getting 60 per cent, the French 36 per cent, and Luxembourg 3 per cent, roughly — remains the same.)