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Prospect News home > News index > List of issuers R > Headlines for Rouse Co. LP > News item
Published on 3/20/2009 in the Prospect News Bank Loan Daily, Prospect News Convertibles Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

ISDA sets auction terms for Rouse credit derivatives trades

By Susanna Moon

Chicago, March 20 - International Swaps and Derivatives Association, Inc. said it will launch a credit default swap auction protocol to facilitate the settlement of credit derivatives trades referencing Rouse Co. LP.

Rouse is a subsidiary of General Growth Properties, Inc., a Chicago-based real estate company. Rouse reportedly failed to pay more than $2 billion in debt on March 16.

The auction will be administered by Markit and Creditex.

ISDA said it will publish the auction on its web site.


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