Petróleos de Venezuela, S.A. Auction Results, 13 December 2017
Final Results of the Petróleos de Venezuela, S.A. CDS Auction, 13 December 2017
Final Price: 17.625
On 13 December 2017, 9 dealers submitted initial markets, physical settlement requests and limit orders to the Petróleos de Venezuela, S.A. auction administered by Creditex and S&P Global to settle trades across the market referencing Petroleos de Venezuela, S.A..
| 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 | 19.0 | 21.0 | Bank of America |
| Barclays | 17.25 | 19.25 | Barclays |
| BNP Paribas | 18.5 | 20.5 | BNP Paribas |
| Citigroup | 19.0 | 21.0 | Citigroup |
| Credit Suisse | 18.0 | 20.0 | Credit Suisse |
| Deutsche Bank | 17.75 | 19.75 | Deutsche Bank |
| Goldman Sachs | 17.25 | 19.25 | Goldman Sachs |
| J.P. Morgan Securities LLC. | 18.5 | 20.5 | J.P. Morgan Securities LLC. |
| Societe Generale | 18.5 | 20.5 | Societe Generale |
Initial Market Midpoint: 19.25
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America | Offer | 0.0 |
| Barclays | Offer | 47.52 |
| BNP Paribas | Offer | 0.0 |
| Citigroup | Offer | 0.0 |
| Credit Suisse | Offer | 30.0 |
| Deutsche Bank | Offer | 0.0 |
| Goldman Sachs | Offer | 28.4 |
| J.P. Morgan Securities LLC. | Offer | 0.0 |
| Societe Generale | Offer | 0.0 |
Net Open Interest: USD 105.92 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 105.92m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 105.92m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays | 19.5* | 21.5 |
| Goldman Sachs | 19.5* | 21.5 |
| Bank of America** | 19.0* | 2.0 |
| Citigroup** | 19.0* | 2.0 |
| Societe Generale** | 18.5* | 2.0 |
| BNP Paribas** | 18.5* | 2.0 |
| J.P. Morgan Securities LLC.** | 18.5* | 2.0 |
| Goldman Sachs | 18.125* | 1.5 |
| Barclays | 18.125* | 1.5 |
| J.P. Morgan Securities Inc. | 18.0* | 20.0 |
| Credit Suisse** | 18.0* | 2.0 |
| J.P. Morgan Securities Inc. | 17.75* | 20.0 |
| Deutsche Bank** | 17.75* | 2.0 |
| Goldman Sachs | 17.625^ | 10.0 |
| J.P. Morgan Securities Inc. | 17.5 | 20.0 |
| Barclays | 17.25 | 95.0 |
| J.P. Morgan Securities Inc. | 17.25 | 20.0 |
| Barclays** | 17.25 | 2.0 |
| Goldman Sachs** | 17.25 | 2.0 |
| Barclays | 17.125 | 15.0 |
| Barclays | 17.125 | 1.0 |
| Goldman Sachs | 17.125 | 1.0 |
| J.P. Morgan Securities Inc. | 17.0 | 20.0 |
| J.P. Morgan Securities Inc. | 16.75 | 5.0 |
| Goldman Sachs | 16.625 | 18.4 |
| Barclays | 16.125 | 15.0 |
| Barclays | 16.125 | 10.0 |
| Barclays | 16.125 | 5.0 |
| Barclays | 16.125 | 2.0 |
| Goldman Sachs | 16.125 | 2.0 |
| Barclays | 15.875 | 5.0 |
| Goldman Sachs | 15.75 | 20.0 |
| Barclays | 15.625 | 5.0 |
| Deutsche Bank | 15.5 | 15.0 |
| Barclays | 15.375 | 5.0 |
| Deutsche Bank | 15.125 | 15.0 |
| Barclays | 15.125 | 5.92 |
| Barclays | 15.125 | 5.0 |
| Barclays | 15.125 | 1.5 |
| Goldman Sachs | 15.125 | 1.5 |
| Barclays | 15.0 | 50.0 |
| Barclays | 15.0 | 20.0 |
| Societe Generale | 15.0 | 10.0 |
| Goldman Sachs | 14.5 | 20.0 |
| Goldman Sachs | 14.125 | 2.0 |
| Barclays | 14.125 | 2.0 |
| Deutsche Bank | 13.5 | 50.0 |
| Goldman Sachs | 13.125 | 2.5 |
| Barclays | 13.125 | 2.5 |
| Barclays | 12.125 | 2.5 |
| Goldman Sachs | 12.125 | 2.5 |
| Barclays | 12.0 | 100.0 |
| Societe Generale | 12.0 | 10.0 |
| Barclays | 11.125 | 3.0 |
| Goldman Sachs | 11.125 | 3.0 |
| Barclays | 11.0 | 50.0 |
| Barclays | 10.125 | 5.0 |
| Barclays | 10.125 | 3.5 |
| Goldman Sachs | 10.125 | 3.5 |
| Barclays | 10.0 | 12.0 |
| Barclays | 10.0 | 10.0 |
| Societe Generale | 10.0 | 10.0 |
| Barclays | 9.125 | 5.0 |
| Goldman Sachs | 9.125 | 5.0 |
| Societe Generale | 7.5 | 20.0 |
| Barclays | 7.0 | 100.0 |
| Barclays | 7.0 | 20.0 |
| Societe Generale | 5.0 | 50.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.