Northwest Airlines, Inc.
At 10:55am EDT Tuesday 11th October 2005, 7 dealers submitted two-way
markets to determine the settlement price for index trades in
relation to the Chapter 11 filing by Northwest Airlines, Inc. This
resulted in a settlement price of 28.
The auction resulted in a trade with J.P. Morgan Securities Inc. buying $10m of bonds from Bear, Stearns & Co. Inc. at a price of 27.75.
Reference Obligations covered under this protocol: