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Auctions for CDS of R.H. Donnelley, subsidiaries slated for June 24
By Angela McDaniels
Tacoma, Wash., June 10 - Markit and Creditex said the auctions to settle credit default swap transactions referencing R.H. Donnelley Inc., Dex Media East and Dex Media West are expected to be held on June 24.
The dates are to be confirmed.
The auction to settle CDS transactions referencing parent company R.H. Donnelley Corp. will be held Thursday.
As previously reported, Markit LCDX index dealers voted to run the auctions after R.H. Donnelley filed for bankruptcy. The company is a constituent of series 8, 9, 10 and 12 of the Markit LCDX index.
Markit and Creditex will administer the auctions under rules written by the International Swaps and Derivatives Association, Inc.
R.H. Donnelley is a Yellow Pages and online local commercial search company based in Cary, N.C. It filed for bankruptcy on May 29, and its Chapter 11 case number is 09-11833.
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