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Toys ‘R’ Us auctions set final price for CDS at 26, LCDS at 30.625
By Marisa Wong
Morgantown, W.Va., Oct. 11 – Toys “R” Us, Inc.’s credit default swaps will be settled at a price of 26, and Toys “R” Us Delaware, Inc.’s loan CDS will be settled at 30.625.
Ten dealers submitted initial markets, physical settlement requests and limit orders to the auction administered on Oct. 11 by Creditex and Markit to settle trades referencing Toys “R” Us, according to a notice.
Six dealers submitted initial markets, physical settlement requests and limit orders to the auction administered on Oct. 11 by Creditex and Markit to settle trades referencing Toys “R” Us Delaware, according to another notice.
The Wayne, N.J., toy retailer filed for bankruptcy on Sept. 19 under Chapter 11 case number 17-34665.
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