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Ukraine CDS settlement auction brings final price of 80.625
By Marisa Wong
Morgantown, W.Va., Oct. 6 – Credit default swaps referencing the Republic of Ukraine will be settled using a final price of 80.625, according to a notice from Creditex and Markit.
Creditex and Markit administered settlement auctions on Tuesday.
As previously reported, the International Swaps and Derivatives Association, Inc.’s EMEA credit derivatives determinations committee resolved that a repudiation/moratorium credit event and a failure to pay credit event occurred in September and decided that an auction would be held.
The auction was, as previously decided, held on an accelerated schedule.
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