Hellas II Auction Results, 15th December 2009
Final Results of the Hellas II CDS Auction, 15th December 2009
Final Price: 1.375
On 15th December 2009, 14 dealers submitted inside markets, physical settlement requests and limit orders to the Hellas II auction administered by Creditex and S&P Global to settle trades across the market referencing Hellas Telecommunications (Luxembourg) II.
The Hellas II Deliverable Obligations are denominated in EUR and USD.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/EUR | 1.00000 |
| EUR/USD | 0.68390 |
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America N.A. | 0.125 | 2.125 | Bank of America N.A. |
| Barclays Bank PLC | 0.5 | 2.5 | Barclays Bank PLC |
| BNP Paribas | 0 | 2 | BNP Paribas |
| Citigroup Global Markets LTD | 0 | 2 | Citigroup Global Markets LTD |
| Credit Suisse AG | 0.75 | 2.75 | Credit Suisse AG |
| Deutsche Bank AG | 0.5 | 1.5 | Deutsche Bank AG |
| Goldman Sachs International | 1 | 3 | Goldman Sachs International |
| HSBC Bank PLC | 0.5 | 2.5 | HSBC Bank PLC |
| JPMorgan Chase Bank N.A. | 1 | 3 | JPMorgan Chase Bank N.A. |
| Morgan Stanley & Co. International PLC | 0 | 2 | Morgan Stanley & Co. International PLC |
| Nomura International PLC | 0.25 | 2.25 | Nomura International PLC |
| Société Générale | 0 | 2 | Société Générale |
| The Royal Bank of Scotland PLC | 0.25 | 2.25 | The Royal Bank of Scotland PLC |
| UBS AG | 0 | 2 | UBS AG |
Inside Market Midpoint: 1.25
Adjustment Amounts
No Adjustment Amounts
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America N.A. | Offer | 5 |
| Barclays Bank PLC | Offer | 0 |
| BNP Paribas | Offer | 0 |
| Citigroup Global Markets LTD | Offer | 0 |
| Credit Suisse AG | Offer | 32.418 |
| Deutsche Bank AG | Offer | 285 |
| Goldman Sachs International | Bid | 79 |
| HSBC Bank PLC | Offer | 0 |
| JPMorgan Chase Bank N.A. | Offer | 1 |
| Morgan Stanley & Co. International PLC | Offer | 0 |
| Nomura International PLC | Offer | 0 |
| Société Générale | Offer | 1.825 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS AG | Offer | 0 |
Net Open Interest: €246.243 million to sell
| Sum of Buy Physical Requests | €79.000m |
| Sum of Sell Physical Requests | €325.243m |
| Sum of Physical Request Trades | €79.000m |
| Sum of Limit Order Trades | €246.243m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Barclays Bank PLC | 1.5* | 210 |
| Citigroup Global Markets LTD | 1.5* | 2 |
| Goldman Sachs International | 1.375^ | 80 |
| Citigroup Global Markets LTD | 1.375^ | 50 |
| Goldman Sachs International | 1.25 | 40 |
| Barclays Bank PLC | 1.25 | 20 |
| Deutsche Bank AG | 1.25 | 12 |
| Barclays Bank PLC | 1.125 | 30 |
| Barclays Bank PLC | 1 | 100 |
| Deutsche Bank AG | 1 | 80 |
| Goldman Sachs International | 1 | 75 |
| The Royal Bank of Scotland PLC | 1 | 25 |
| HSBC Bank PLC | 1 | 10 |
| Goldman Sachs International** | 1 | 2 |
| JPMorgan Chase Bank N.A.** | 1 | 2 |
| Barclays Bank PLC | 0.875 | 20 |
| Goldman Sachs International | 0.875 | 15 |
| The Royal Bank of Scotland PLC | 0.75 | 100 |
| Deutsche Bank AG | 0.75 | 70 |
| Goldman Sachs International | 0.75 | 15 |
| Credit Suisse AG** | 0.75 | 2 |
| Goldman Sachs International | 0.625 | 21 |
| Deutsche Bank AG | 0.5 | 170 |
| The Royal Bank of Scotland PLC | 0.5 | 100 |
| HSBC Bank PLC** | 0.5 | 2 |
| Barclays Bank PLC** | 0.5 | 2 |
| Deutsche Bank AG** | 0.5 | 2 |
| Bank of America N.A. | 0.375 | 150 |
| Bank of America N.A. | 0.25 | 95 |
| Nomura International PLC | 0.25 | 50 |
| The Royal Bank of Scotland PLC | 0.25 | 50 |
| JPMorgan Chase Bank N.A. | 0.25 | 25 |
| Credit Suisse AG | 0.25 | 10 |
| Nomura International PLC** | 0.25 | 2 |
| The Royal Bank of Scotland PLC** | 0.25 | 2 |
| Credit Suisse AG | 0.125 | 30 |
| BNP Paribas | 0.125 | 10 |
| Citigroup Global Markets LTD | 0.125 | 10 |
| BNP Paribas | 0.125 | 10 |
| Bank of America N.A.** | 0.125 | 2 |
| Citigroup Global Markets LTD | 0 | 240 |
| Citigroup Global Markets LTD | 0 | 50 |
| Citigroup Global Markets LTD** | 0 | 2 |
| BNP Paribas** | 0 | 2 |
| UBS AG** | 0 | 2 |
| Morgan Stanley & Co. International PLC** | 0 | 2 |
| Société Générale** | 0 | 2 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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