Frontier Comms Corp Auction Results, 13 May 2020
Final Results of the Frontier Comms Corp CDS Auction, 13 May 2020
Final Price: 28.75
On 13 May 2020, 10 dealers submitted initial markets, physical settlement requests and limit orders to the Frontier Comms Corp auction administered by Creditex and S&P Global to settle trades across the market referencing FRONTIER COMMUNICATIONS CORPORATION.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America | 27.0 | 29.0 | Bank of America |
| Barclays | 27.0 | 29.0 | Barclays |
| BNP Paribas | 27.75 | 29.75 | BNP Paribas |
| Citigroup | 27.5 | 29.5 | Citigroup |
| Credit Suisse | 27.25 | 29.25 | Credit Suisse |
| Deutsche Bank | 27.0 | 29.0 | Deutsche Bank |
| Goldman Sachs | 27.0 | 29.0 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 27.0 | 29.0 | J.P. Morgan Securities LLC. |
| Morgan Stanley | 27.5 | 29.5 | Morgan Stanley |
| RBC Capital Markets LLC | 27.5 | 29.5 | RBC Capital Markets LLC |
Initial Market Midpoint: 28.25
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 0.0 |
| Barclays | Offer | 51.333 |
| BNP Paribas | Offer | 0.0 |
| Citigroup | Offer | 7.093 |
| Credit Suisse | Offer | 0.0 |
| Deutsche Bank | Offer | 0.0 |
| Goldman Sachs | Offer | 54.862 |
| J.P. Morgan Securities LLC. | Offer | 3.343 |
| Morgan Stanley | Offer | 0.0 |
| RBC Capital Markets LLC | Offer | 0.0 |
Net Open Interest: USD 116.631 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 116.631m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 116.631m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs | 29.25* | 30.0 |
| Barclays | 29.25* | 20.0 |
| Goldman Sachs | 29.25* | 15.0 |
| Barclays | 29.25* | 10.0 |
| Barclays | 29.25* | 7.5 |
| Goldman Sachs | 29.25* | 5.0 |
| Credit Suisse | 29.25* | 5.0 |
| Barclays | 29.25* | 5.0 |
| Goldman Sachs | 29.25* | 5.0 |
| Morgan Stanley | 29.25* | 4.0 |
| Morgan Stanley | 29.25* | 2.0 |
| Goldman Sachs | 29.0* | 5.0 |
| J.P. Morgan Securities Inc. | 28.75^ | 10.0 |
| Goldman Sachs | 28.75^ | 5.0 |
| J.P. Morgan Securities Inc. | 28.625 | 10.0 |
| J.P. Morgan Securities Inc. | 28.5 | 25.0 |
| Goldman Sachs | 28.5 | 5.0 |
| Goldman Sachs | 28.5 | 5.0 |
| J.P. Morgan Securities Inc. | 28.375 | 50.0 |
| J.P. Morgan Securities Inc. | 28.25 | 25.0 |
| Goldman Sachs | 28.25 | 5.0 |
| Morgan Stanley | 28.25 | 5.0 |
| J.P. Morgan Securities Inc. | 28.125 | 44.0 |
| Goldman Sachs | 28.125 | 5.0 |
| Citigroup | 28.0 | 1.0 |
| Citigroup | 27.875 | 1.0 |
| Goldman Sachs | 27.75 | 10.0 |
| BNP Paribas** | 27.75 | 2.0 |
| Citigroup | 27.75 | 1.0 |
| Goldman Sachs | 27.625 | 5.0 |
| Citigroup | 27.625 | 1.0 |
| Barclays | 27.5 | 10.0 |
| Morgan Stanley** | 27.5 | 2.0 |
| Citigroup** | 27.5 | 2.0 |
| RBC Capital Markets LLC** | 27.5 | 2.0 |
| Citigroup | 27.5 | 1.0 |
| Citigroup | 27.375 | 1.0 |
| Credit Suisse | 27.25 | 10.0 |
| Credit Suisse** | 27.25 | 2.0 |
| Citigroup | 27.25 | 1.0 |
| Goldman Sachs | 27.125 | 5.0 |
| Citigroup | 27.125 | 1.0 |
| Barclays | 27.0 | 10.0 |
| RBC Capital Markets LLC | 27.0 | 5.0 |
| Bank of America | 27.0 | 3.0 |
| Goldman Sachs | 27.0 | 2.0 |
| Goldman Sachs** | 27.0 | 2.0 |
| Bank of America** | 27.0 | 2.0 |
| Barclays** | 27.0 | 2.0 |
| J.P. Morgan Securities LLC.** | 27.0 | 2.0 |
| Deutsche Bank** | 27.0 | 2.0 |
| Citigroup | 27.0 | 1.0 |
| Citigroup | 26.875 | 1.0 |
| Morgan Stanley | 26.75 | 5.0 |
| Goldman Sachs | 26.625 | 5.0 |
| Barclays | 26.5 | 10.0 |
| Deutsche Bank | 26.5 | 5.0 |
| Bank of America | 26.5 | 5.0 |
| Citigroup | 26.375 | 1.0 |
| J.P. Morgan Securities Inc. | 26.25 | 50.0 |
| Credit Suisse | 26.25 | 10.0 |
| Citigroup | 26.25 | 1.0 |
| Deutsche Bank | 26.0 | 10.0 |
| Bank of America | 26.0 | 10.0 |
| Barclays | 26.0 | 10.0 |
| RBC Capital Markets LLC | 26.0 | 10.0 |
| Goldman Sachs | 26.0 | 2.0 |
| Deutsche Bank | 25.5 | 15.0 |
| Barclays | 25.5 | 10.0 |
| Credit Suisse | 25.25 | 10.0 |
| Goldman Sachs | 25.0 | 5.0 |
| Goldman Sachs | 25.0 | 2.0 |
| Deutsche Bank | 24.5 | 20.0 |
| Barclays | 24.5 | 10.0 |
| Morgan Stanley | 24.25 | 15.0 |
| Deutsche Bank | 23.5 | 40.0 |
| Barclays | 23.5 | 10.0 |
| Morgan Stanley | 23.25 | 2.0 |
| Morgan Stanley | 23.25 | 1.0 |
| Deutsche Bank | 22.5 | 50.0 |
| Barclays | 22.5 | 10.0 |
| Deutsche Bank | 21.5 | 70.0 |
| Barclays | 21.5 | 10.0 |
| Barclays | 20.5 | 10.0 |
| Barclays | 19.5 | 10.0 |
| Barclays | 18.5 | 10.0 |
| Barclays | 17.5 | 10.0 |
| Barclays | 16.5 | 6.631 |
| Morgan Stanley | 15.0 | 2.0 |
| Morgan Stanley | 15.0 | 1.0 |
| Morgan Stanley | 12.5 | 2.0 |
| Morgan Stanley | 12.5 | 1.0 |
| Morgan Stanley | 10.0 | 2.0 |
| Morgan Stanley | 10.0 | 1.0 |
| Morgan Stanley | 7.5 | 4.0 |
| Morgan Stanley | 7.5 | 2.0 |
| Morgan Stanley | 5.0 | 8.0 |
| Morgan Stanley | 5.0 | 4.0 |
| Morgan Stanley | 2.5 | 24.0 |
| Morgan Stanley | 2.5 | 12.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.