Victor Co. of Japan CDS auction comes in with final price of 93.75

By Jennifer Chiou

New York, Nov. 9 - Victor Co. of Japan's credit derivative swaps auction on Wednesday resulted in a final price of 93.75, according to Creditex.

Twelve dealers submitted inside markets, physical settlement requests and limit orders to the auction administered by Creditex and Markit to settle trades across the market referencing Victor Co.

The International Swaps and Derivatives Association's Japan credit derivatives determinations committee resolved that a restructuring credit event occurred on Sept. 21.

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