Norske Skogindustrier ASA Auction Results, 22 June 2016
Exchange rate
USD/EUR 1.13370
CDS Bucket 1
Final Price: 100
Further to and for the purposes of Section 13 of the 2016 Norske Skogindustrier ASA Credit Derivatives Auction Settlement Terms published by ISDA on June 14, 2016 (and available at http://dc.isda.org/cds/norske-skogindustrier-asa/), we hereby announce that the EUR150,000,000 11.75% Senior Unsecured Notes due 2016 issued by Norske Skogindustrier ASA (Reg S ISIN: XS0636567710, Rule 144A ISIN: XS0636569922) were repaid in full on June 15 2016.
An auction in respect of CDS Bucket 1 was not held on 22 June 2016 and instead an Auction in respect of CDS Bucket 1 was deemed to have been held on such date and the Auction Final Price in respect thereof is deemed to be 100 percent.
Norske Skogindustrier ASA CDS Bucket
Norske Skogindustrier ASA CDS Bucket 3
Norske Skogindustrier ASA CDS Bucket 4
Norske Skogindustrier ASA CDS
Final Results of the Norske Skogindustrier ASA CDS Auction, 22 June 2016
On 22 June 2016, 10 dealers submitted initial markets, physical settlement requests and limit orders to the Norske Skogindustrier ASA auction administered by Creditex and S&P Global to settle trades across the market referencing NORSKE SKOGINDUSTRIER ASA.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
| USD/EUR | 1.13370 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 29.75 | 33.75 | Bank of America, N.A. |
| Barclays Bank PLC | 27.0 | 31.0 | Barclays Bank PLC |
| BNP Paribas | 29.25 | 33.25 | BNP Paribas |
| Citigroup Global Markets Limited | 26.0 | 30.0 | Citigroup Global Markets Limited |
| Credit Suisse International | 28.5 | 32.5 | Credit Suisse International |
| Deutsche Bank AG, London | 27.5 | 31.5 | Deutsche Bank AG, London |
| Goldman Sachs International | 27.0 | 31.0 | Goldman Sachs International |
| JPMorgan Securities PLC | 29.0 | 33.0 | JPMorgan Securities PLC |
| Morgan Stanley & Co. International PLC | 25.0 | 29.0 | Morgan Stanley & Co. International PLC |
| Societe Generale | 27.5 | 30.5 | Societe Generale |
Adjustment Amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 2.6 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG, London | Offer | 0.0 |
| Goldman Sachs International | Offer | 11.0 |
| JPMorgan Securities PLC | Offer | 27.5 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| Bank of America, N.A. | Bid | 7.0 |
| Sum of Buy Physical Requests | 7.0m |
| Sum of Sell Physical Requests | 41.1m |
| Sum of Physical Request Trades | 7.0m |
| Sum of Limit Order Trades | 34.1m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Credit Suisse International | 30.625* | 10.0 |
| Goldman Sachs International | 30.625* | 8.4 |
| Credit Suisse International | 30.625* | 3.1 |
| JPMorgan Securities PLC | 30.625* | 3.0 |
| JPMorgan Securities PLC | 29.875* | 1.0 |
| JPMorgan Securities PLC | 29.625^ | 5.0 |
| Barclays Bank PLC | 29.625^ | 5.0 |
| Bank of America, N.A.** | 29.625^ | 0.5 |
| Bank of America, N.A. | 29.5 | 1.0 |
| BNP Paribas** | 29.25 | 0.5 |
| JPMorgan Securities PLC | 29.125 | 1.0 |
| JPMorgan Securities PLC | 29.0 | 5.0 |
| JPMorgan Securities PLC** | 29.0 | 0.5 |
| Barclays Bank PLC | 28.625 | 5.0 |
| Bank of America, N.A. | 28.5 | 1.0 |
| Credit Suisse International** | 28.5 | 0.5 |
| JPMorgan Securities PLC | 28.375 | 1.0 |
| Goldman Sachs International | 28.125 | 3.0 |
| JPMorgan Securities PLC | 28.125 | 0.3 |
| JPMorgan Securities PLC | 28.0 | 10.0 |
| Goldman Sachs International | 27.75 | 2.5 |
| Barclays Bank PLC | 27.625 | 5.0 |
| Goldman Sachs International | 27.625 | 3.0 |
| JPMorgan Securities PLC | 27.625 | 1.0 |
| Credit Suisse International | 27.5 | 4.0 |
| Deutsche Bank AG, London** | 27.5 | 0.5 |
| Societe Generale** | 27.5 | 0.5 |
| Morgan Stanley & Co. International PLC | 27.25 | 1.0 |
| Goldman Sachs International | 27.125 | 3.0 |
| Barclays Bank PLC** | 27.0 | 0.5 |
| Goldman Sachs International** | 27.0 | 0.5 |
| Barclays Bank PLC | 26.625 | 5.0 |
| Goldman Sachs International | 26.625 | 3.0 |
| Goldman Sachs International | 26.125 | 3.0 |
| JPMorgan Securities PLC | 26.0 | 10.0 |
| Citigroup Global Markets Limited** | 26.0 | 0.5 |
| Goldman Sachs International | 25.625 | 3.0 |
| BNP Paribas | 25.5 | 0.5 |
| JPMorgan Securities PLC | 25.125 | 5.0 |
| Barclays Bank PLC | 25.125 | 5.0 |
| Goldman Sachs International | 25.125 | 3.0 |
| BNP Paribas | 25.0 | 1.0 |
| Morgan Stanley & Co. International PLC** | 25.0 | 0.5 |
| Goldman Sachs International | 24.625 | 3.0 |
| Credit Suisse International | 24.625 | 1.0 |
| Goldman Sachs International | 24.125 | 5.0 |
| Barclays Bank PLC | 24.0 | 20.0 |
| Credit Suisse International | 23.625 | 1.0 |
| BNP Paribas | 23.0 | 1.0 |
| Credit Suisse International | 22.625 | 2.0 |
| Morgan Stanley & Co. International PLC | 22.5 | 5.0 |
| Credit Suisse International | 21.625 | 3.0 |
| BNP Paribas | 21.0 | 1.0 |
| Barclays Bank PLC | 20.125 | 5.0 |
| Credit Suisse International | 19.625 | 5.0 |
| Goldman Sachs International | 19.125 | 5.0 |
| Credit Suisse International | 18.625 | 10.0 |
| Morgan Stanley & Co. International PLC | 17.5 | 5.0 |
| BNP Paribas | 15.5 | 1.0 |
| Morgan Stanley & Co. International PLC | 15.0 | 22.5 |
| Goldman Sachs International | 14.75 | 7.5 |
| Barclays Bank PLC | 14.75 | 7.5 |
| Citigroup Global Markets Limited | 10.0 | 33.6 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
topFinal Results of the Norske Skogindustrier ASA CDS Auction, 22 June 2016
On 22 June 2016, 10 dealers submitted initial markets, physical settlement requests and limit orders to the Norske Skogindustrier ASA auction administered by Creditex and S&P Global to settle trades across the market referencing NORSKE SKOGINDUSTRIER ASA.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
| USD/EUR | 1.13370 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 27.75 | 31.75 | Bank of America, N.A. |
| Barclays Bank PLC | 23.5 | 27.5 | Barclays Bank PLC |
| BNP Paribas | 26.5 | 30.5 | BNP Paribas |
| Citigroup Global Markets Limited | 24.0 | 28.0 | Citigroup Global Markets Limited |
| Credit Suisse International | 26.5 | 30.5 | Credit Suisse International |
| Deutsche Bank AG, London | 24.0 | 28.0 | Deutsche Bank AG, London |
| Goldman Sachs International | 25.0 | 29.0 | Goldman Sachs International |
| JPMorgan Securities PLC | 25.0 | 29.0 | JPMorgan Securities PLC |
| Morgan Stanley & Co. International PLC | 22.5 | 26.5 | Morgan Stanley & Co. International PLC |
| Societe Generale | 25.5 | 28.5 | Societe Generale |
Adjustment Amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 0.0 |
| Barclays Bank PLC | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Deutsche Bank AG, London | Offer | 0.0 |
| Goldman Sachs International | Offer | 0.0 |
| JPMorgan Securities PLC | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 0.0m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 0.0m |
Limit Orders
| Dealer | Offer | Size |
|---|---|---|
| Deutsche Bank AG, London** | 0.0 | 0.5 |
| Morgan Stanley & Co. International PLC** | 0.0 | 0.5 |
| BNP Paribas** | 0.0 | 0.5 |
| Goldman Sachs International** | 0.0 | 0.5 |
| Barclays Bank PLC** | 0.0 | 0.5 |
| Citigroup Global Markets Limited** | 0.0 | 0.5 |
| Credit Suisse International** | 0.0 | 0.5 |
| Societe Generale** | 0.0 | 0.5 |
| Bank of America, N.A.** | 0.0 | 0.5 |
| JPMorgan Securities PLC** | 0.0 | 0.5 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
topFinal Results of the Norske Skogindustrier ASA CDS Auction, 22 June 2016
On 22 June 2016, 10 dealers submitted initial markets, physical settlement requests and limit orders to the Norske Skogindustrier ASA auction administered by Creditex and S&P Global to settle trades across the market referencing NORSKE SKOGINDUSTRIER ASA.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
| USD/EUR | 1.13370 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 17.75 | 21.75 | Bank of America, N.A. |
| Barclays Bank PLC | 19.0 | 23.0 | Barclays Bank PLC |
| BNP Paribas | 16.25 | 20.25 | BNP Paribas |
| Citigroup Global Markets Limited | 12.0 | 16.0 | Citigroup Global Markets Limited |
| Credit Suisse International | 19.0 | 23.0 | Credit Suisse International |
| Deutsche Bank AG, London | 21.0 | 25.0 | Deutsche Bank AG, London |
| Goldman Sachs International | 20.0 | 24.0 | Goldman Sachs International |
| JPMorgan Securities PLC | 12.0 | 16.0 | JPMorgan Securities PLC |
| Morgan Stanley & Co. International PLC | 19.0 | 23.0 | Morgan Stanley & Co. International PLC |
| Societe Generale | 20.5 | 24.5 | Societe Generale |
Adjustment Amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 0.0 |
| Barclays Bank PLC | Offer | 4.95 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.6 |
| Deutsche Bank AG, London | Offer | 0.0 |
| Goldman Sachs International | Offer | 0.0 |
| JPMorgan Securities PLC | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 5.55m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 5.55m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Deutsche Bank AG, London** | 20.625* | 0.5 |
| Societe Generale** | 20.5* | 0.5 |
| Goldman Sachs International** | 20.0* | 0.5 |
| Barclays Bank PLC** | 19.0* | 0.5 |
| Morgan Stanley & Co. International PLC** | 19.0* | 0.5 |
| Credit Suisse International** | 19.0* | 0.5 |
| Bank of America, N.A.** | 17.75* | 0.5 |
| BNP Paribas** | 16.25* | 0.5 |
| Goldman Sachs International | 12.0^ | 1.0 |
| Citigroup Global Markets Limited** | 12.0^ | 0.5 |
| JPMorgan Securities PLC** | 12.0^ | 0.5 |
| JPMorgan Securities PLC | 10.0 | 5.0 |
| Goldman Sachs International | 9.5 | 5.5 |
| Credit Suisse International | 8.125 | 2.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
topFinal Results of the Norske Skogindustrier ASA CDS Auction, 14 September 2017
On 14 September 2017, 9 dealers submitted initial markets, physical settlement requests and limit orders to the Norske Skogindustrier ASA auction administered by Creditex and S&P Global to settle trades across the market referencing NORSKE SKOGINDUSTRIER ASA.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
| USD/EUR | 0.83658 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank PLC | 0.5 | 4.5 | Barclays Bank PLC |
| BNP Paribas | 4.5 | 8.5 | BNP Paribas |
| Citigroup Global Markets Limited | 5.0 | 9.0 | Citigroup Global Markets Limited |
| Credit Suisse International | 0.0 | 4.0 | Credit Suisse International |
| Goldman Sachs International | 0.0 | 4.0 | Goldman Sachs International |
| J.P. Morgan Securities PLC | 1.0 | 5.0 | J.P. Morgan Securities PLC |
| Merrill Lynch International | 6.75 | 10.75 | Merrill Lynch International |
| Morgan Stanley & Co. International PLC | 2.5 | 6.5 | Morgan Stanley & Co. International PLC |
| Societe Generale | 1.0 | 5.0 | Societe Generale |
Adjustment Amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 4.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Credit Suisse International | Offer | 0.0 |
| Goldman Sachs International | Offer | 68.25 |
| J.P. Morgan Securities PLC | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
| Merrill Lynch International | Bid | 3.0 |
| Sum of Buy Physical Requests | 3.0m |
| Sum of Sell Physical Requests | 72.25m |
| Sum of Physical Request Trades | 3.0m |
| Sum of Limit Order Trades | 69.25m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs International | 5.5* | 0.7 |
| Citigroup Global Markets Limited** | 3.5* | 1.0 |
| BNP Paribas** | 3.5* | 1.0 |
| Merrill Lynch International** | 3.5* | 1.0 |
| Merrill Lynch International | 3.25* | 25.0 |
| Merrill Lynch International | 2.75* | 25.0 |
| Morgan Stanley & Co. International PLC** | 2.5* | 1.0 |
| Barclays Bank PLC | 2.25^ | 25.0 |
| J.P. Morgan Securities PLC** | 1.0 | 1.0 |
| Societe Generale** | 1.0 | 1.0 |
| Goldman Sachs International | 0.625 | 10.0 |
| Morgan Stanley & Co. International PLC | 0.5 | 50.0 |
| Goldman Sachs International | 0.5 | 10.0 |
| Barclays Bank PLC** | 0.5 | 1.0 |
| Goldman Sachs International | 0.375 | 10.0 |
| J.P. Morgan Securities PLC | 0.25 | 69.25 |
| Goldman Sachs International | 0.25 | 10.0 |
| Goldman Sachs International | 0.125 | 30.0 |
| Citigroup Global Markets Limited | 0.125 | 20.0 |
| Morgan Stanley & Co. International PLC | 0.125 | 18.25 |
| Credit Suisse International | 0.0 | 69.25 |
| Credit Suisse International** | 0.0 | 1.0 |
| Goldman Sachs International** | 0.0 | 1.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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