Dura fixing settles defaulted bonds
Creditex, Markit and 12 credit derivative dealers successfully conducted two credit event fixings on Monday, November 17 to generate cash settlement prices for senior and subordinated contracts referencing the defaulted bonds of auto parts supplier Dura Operating Corp.
At 2:00pm EST, the final price for subordinated bonds was fixed at 3.5% and at 2:30pm EST, the final price for senior bonds was fixed at 24.125%.
The credit event fixings are part of the International Swaps and Derivatives
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