Houghton Mifflin Harcourt Publishing Co Auction Results, 30 May 2012
Final Results of the Houghton Mifflin Harcourt Publishing Co CDS Auction, 30 May 2012
Final Price: 55.5
On 30 May 2012, 12 dealers submitted initial markets, physical settlement requests and limit orders to the Houghton Mifflin Harcourt Publishing Co auction administered by Creditex and S&P Global to settle trades across the market referencing Houghton Mifflin Harcourt Publishing Company.
| Relevant Currency |
|---|
| USD |
| Auction Currency Rates | |
|---|---|
| USD/USD | 1.00000 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank Plc | 56.5 | 58.5 | Barclays Bank Plc |
| BNP Paribas | 54.0 | 56.0 | BNP Paribas |
| Citigroup Global Markets Inc. | 54.0 | 56.0 | Citigroup Global Markets Inc. |
| Credit Suisse International | 54.5 | 56.5 | Credit Suisse International |
| Deutsche Bank AG | 55.0 | 57.0 | Deutsche Bank AG |
| Goldman Sachs & Co. | 53.75 | 55.75 | Goldman Sachs & Co. |
| JPMorgan Securities, LLC | 54.5 | 56.5 | JPMorgan Securities, LLC |
| Merrill Lynch Pierce, Fenner & Smith Inc. | 54.0 | 56.0 | Merrill Lynch Pierce, Fenner & Smith Inc. |
| Morgan Stanley & Co. LLC | 55.5 | 57.5 | Morgan Stanley & Co. LLC |
| Nomura International Plc | 54.5 | 56.5 | Nomura International Plc |
| Societe Generale | 54.5 | 56.5 | Societe Generale |
| UBS Securities LLC | 55.5 | 57.5 | UBS Securities LLC |
Initial Market Midpoint: 55.625
Adjustment Amounts
Barclays Bank Plc
USD 26,250
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank Plc | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Inc. | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG | Offer | 0.0 |
| Goldman Sachs & Co. | Offer | 16.165 |
| JPMorgan Securities, LLC | Offer | 0.0 |
| Merrill Lynch Pierce, Fenner & Smith Inc. | Offer | 0.0 |
| Morgan Stanley & Co. LLC | Offer | 0.0 |
| Nomura International Plc | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| UBS Securities LLC | Offer | 0.0 |
Net Open Interest: USD 16.165 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 16.165m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 16.165m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Morgan Stanley & Co. LLC | 56.625* | 5.0 |
| Merrill Lynch Pierce, Fenner & Smith Inc. | 56.625* | 2.0 |
| Barclays Bank Plc ** | 55.625* | 3.0 |
| Citigroup Global Markets Inc. | 55.625* | 3.0 |
| UBS Securities LLC ** | 55.5^ | 3.0 |
| Morgan Stanley & Co. LLC ** | 55.5^ | 3.0 |
| Goldman Sachs & Co. | 55.25 | 2.0 |
| Barclays Bank Plc | 55.0 | 3.0 |
| Deutsche Bank AG ** | 55.0 | 3.0 |
| Citigroup Global Markets Inc. | 55.0 | 3.0 |
| Barclays Bank Plc | 55.0 | 2.0 |
| Credit Suisse International | 54.75 | 2.0 |
| Credit Suisse International ** | 54.5 | 3.0 |
| JPMorgan Securities, LLC ** | 54.5 | 3.0 |
| Nomura International Plc ** | 54.5 | 3.0 |
| Societe Generale ** | 54.5 | 3.0 |
| Merrill Lynch Pierce, Fenner & Smith Inc.** | 54.0 | 3.0 |
| BNP Paribas ** | 54.0 | 3.0 |
| Citigroup Global Markets Inc. ** | 54.0 | 3.0 |
| Goldman Sachs & Co. ** | 53.75 | 3.0 |
| Citigroup Global Markets Inc. | 53.5 | 10.0 |
| Goldman Sachs & Co. | 52.5 | 16.165 |
| Goldman Sachs & Co. | 52.5 | 3.0 |
| Barclays Bank Plc | 50.0 | 16.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.