General Growth Properties Auction Results, 13th May 2009
Final Results of the General Growth Properties LCDS Auction, 13th May 2009
Final Price: 44.25
On 13th May 2009 , 10 dealers submitted inside markets, physical settlement requests and limit orders to the General Growth Properties auction administered by Creditex and Markit to settle trades across the market referencing General Growth Properties, Inc. .
The inputs and results are detailed below.
Dealer Inside Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Bank of America, N.A. | 41.5 | 44.5 | Bank of America, N.A. |
| Barclays Bank PLC | 42.5 | 45.5 | Barclays Bank PLC |
| Citibank Global Markets Inc. | 41.5 | 44.5 | Citibank Global Markets Inc. |
| Credit Suisse International | 41 | 44 | Credit Suisse International |
| Deutsche Bank AG | 43 | 46 | Deutsche Bank AG |
| Goldman Sachs Loan Partners | 41.5 | 44.5 | Goldman Sachs Loan Partners |
| J.P. Morgan Securities Inc. | 40 | 43 | J.P. Morgan Securities Inc. |
| Morgan Stanley Senior Funding, Inc. | 41 | 44 | Morgan Stanley Senior Funding, Inc. |
| The Royal Bank of Scotland PLC | 43.5 | 45.5 | The Royal Bank of Scotland PLC |
| UBS Securities LLC | 43 | 46 | UBS Securities LLC |
Inside Market Midpoint: 43.25
Adjustment Amounts
The Royal Bank of Scotland PLC: $5,000
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Bank of America, N.A. | Offer | 17 |
| Barclays Bank PLC | Offer | 8 |
| Citibank Global Markets Inc. | Offer | 0 |
| Credit Suisse International | Offer | 0 |
| Deutsche Bank AG | Offer | 0 |
| J.P. Morgan Securities Inc. | Offer | 0 |
| Morgan Stanley Senior Funding, Inc. | Offer | 0 |
| The Royal Bank of Scotland PLC | Offer | 0 |
| UBS Securities LLC | Offer | 0 |
| Goldman Sachs Loan Partners | Bid | 5 |
Net Open Interest: $20 million to sell
| Sum of Buy Physical Requests | $5.0m |
| Sum of Sell Physical Requests | $25.0m |
| Sum of Physical Request Trades | $5.0m |
| Sum of Limit Order Trades | $20.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Citibank Global Markets Inc. | 44.25^ | 5 |
| Deutsche Bank AG | 44.25^ | 20 |
| Deutsche Bank AG | 44.25^ | 20 |
| Deutsche Bank AG | 44.25^ | 20 |
| Deutsche Bank AG | 44.25^ | 20 |
| Deutsche Bank AG | 44.25^ | 20 |
| Barclays Bank PLC | 44.25^ | 20 |
| Bank of America, N.A. | 43.5 | 10 |
| The Royal Bank of Scotland PLC** | 43.25 | 2 |
| Deutsche Bank AG** | 43 | 2 |
| UBS Securities LLC** | 43 | 2 |
| The Royal Bank of Scotland PLC | 42.75 | 10 |
| Barclays Bank PLC** | 42.5 | 2 |
| Bank of America, N.A. | 42.5 | 10 |
| Bank of America, N.A. | 42 | 3 |
| Bank of America, N.A.** | 41.5 | 2 |
| Bank of America, N.A. | 41.5 | 15 |
| Goldman Sachs Loan Partners** | 41.5 | 2 |
| Citibank Global Markets Inc.** | 41.5 | 2 |
| Morgan Stanley Senior Funding, Inc. | 41.25 | 5 |
| Morgan Stanley Senior Funding, Inc.** | 41 | 2 |
| Credit Suisse International** | 41 | 2 |
| J.P. Morgan Securities Inc.** | 40 | 2 |
| Morgan Stanley Senior Funding, Inc. | 40 | 20 |
| J.P. Morgan Securities Inc. | 39 | 10 |
| J.P. Morgan Securities Inc. | 38 | 20 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.
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