Collins & Aikman - Senior

Auction of CKC 10.75% 31 December 2011 Bond for settlement of CDX HY Series 4 Trades

At 10am EST, Tuesday 14th June 13, dealers submitted bid/offers to the auction administered by Creditex and S&P Global as part of the ISDA 2005 Index Protocol. The settlement price of the Collins & Aikman Products Co. 10.75% 31Dec11 bond was determined to be 43.625. The breakdown of the bid/offers submitted by dealers is detailed below.

For the results of the auction please see the Auction Results

The June 14th Credit Event Auction relates to settlement issues concerning Collins & Aikman Products Co., a U.S. company that filed for bankruptcy on May 17, 2005. Collins & Aikman Products Co. is an auto parts supplier that is included in various credit derivative indices published by Dow Jones CDX and TRAC-X. The purpose of the auction is to determine a final price at which credit derivatives index trades will be settled in accordance with the ISDA 2005 CDS Index Protocol. Back to 2005 Auction Results