ALTICE FRANCE Auction Results, 27 August 2025
Final Results of the ALTICE FRANCE CDS Auction, 27 August 2025
Final Price: 87.75
On 27 August 2025, 8 dealers submitted initial markets, physical settlement requests and limit orders to the ALTICE FRANCE auction administered by Creditex and S&P Global to settle trades across the market referencing ALTICE FRANCE.
| Relevant Currency |
|---|
| EUR |
| Auction Currency Rates | |
|---|---|
| EUR/USD | 1.16180 |
The inputs and results are detailed below.
Dealer Initial Markets
| Dealer | Bid | Offer | Dealer |
|---|---|---|---|
| Barclays Bank PLC | 85.0 | 88.0 | Barclays Bank PLC |
| BNP Paribas | 84.5 | 87.5 | BNP Paribas |
| Citigroup Global Markets Limited | 86.0 | 89.0 | Citigroup Global Markets Limited |
| Deutsche Bank Aktiengesellschaft | 84.0 | 87.0 | Deutsche Bank Aktiengesellschaft |
| Goldman Sachs International | 83.75 | 86.75 | Goldman Sachs International |
| J.P. Morgan Securities PLC | 84.5 | 87.5 | J.P. Morgan Securities PLC |
| Merrill Lynch International | 84.5 | 87.5 | Merrill Lynch International |
| Morgan Stanley & Co. International PLC | 85.5 | 88.5 | Morgan Stanley & Co. International PLC |
Initial Market Midpoint: 86.25
Adjustment Amounts
No Adjustment Amount
Physical Settlement Requests
| Dealer | Bid/Offer | Size |
|---|---|---|
| Barclays Bank PLC | Offer | 0.0 |
| BNP Paribas | Offer | 0.0 |
| Citigroup Global Markets Limited | Offer | 0.0 |
| Deutsche Bank Aktiengesellschaft | Offer | 0.0 |
| Goldman Sachs International | Offer | 0.0 |
| J.P. Morgan Securities PLC | Offer | 38.0 |
| Merrill Lynch International | Offer | 0.0 |
| Morgan Stanley & Co. International PLC | Offer | 0.0 |
Net Open Interest: EUR 38 million to sell
| Sum of Buy Physical Requests | 0.0m |
| Sum of Sell Physical Requests | 38.0m |
| Sum of Physical Request Trades | 0.0m |
| Sum of Limit Order Trades | 38.0m |
Limit Orders
| Dealer | Bid | Size |
|---|---|---|
| Goldman Sachs International | 87.75* | 38.0 |
| Citigroup Global Markets Limited** | 86.0 | 1.0 |
| Morgan Stanley & Co. International PLC** | 85.5 | 1.0 |
| J.P. Morgan Securities PLC | 85.375 | 12.0 |
| Barclays Bank PLC | 85.0 | 5.0 |
| Barclays Bank PLC** | 85.0 | 1.0 |
| J.P. Morgan Securities PLC | 84.625 | 12.0 |
| Barclays Bank PLC | 84.5 | 5.0 |
| J.P. Morgan Securities PLC** | 84.5 | 1.0 |
| BNP Paribas** | 84.5 | 1.0 |
| Merrill Lynch International** | 84.5 | 1.0 |
| Barclays Bank PLC | 84.25 | 5.0 |
| Barclays Bank PLC | 84.0 | 5.0 |
| BNP Paribas | 84.0 | 5.0 |
| Deutsche Bank Aktiengesellschaft** | 84.0 | 1.0 |
| Barclays Bank PLC | 83.75 | 5.0 |
| Goldman Sachs International** | 83.75 | 1.0 |
| Barclays Bank PLC | 83.5 | 5.0 |
| Merrill Lynch International | 83.5 | 3.0 |
| Merrill Lynch International | 83.0 | 5.0 |
| Deutsche Bank Aktiengesellschaft | 82.75 | 5.0 |
| Morgan Stanley & Co. International PLC | 82.5 | 10.0 |
| J.P. Morgan Securities PLC | 82.5 | 5.0 |
| J.P. Morgan Securities PLC | 82.25 | 5.0 |
| BNP Paribas | 82.0 | 20.0 |
| J.P. Morgan Securities PLC | 82.0 | 10.0 |
| Merrill Lynch International | 82.0 | 7.0 |
| Deutsche Bank Aktiengesellschaft | 82.0 | 1.0 |
| Deutsche Bank Aktiengesellschaft | 81.75 | 5.0 |
| J.P. Morgan Securities PLC | 81.5 | 10.0 |
| J.P. Morgan Securities PLC | 81.0 | 20.0 |
| J.P. Morgan Securities PLC | 80.5 | 13.0 |
| BNP Paribas | 80.0 | 23.0 |
| J.P. Morgan Securities PLC | 80.0 | 18.0 |
| BNP Paribas | 61.25 | 30.0 |
** Limit Orders that were derived from inside markets.
* Limit Orders that were filled.
^ Limit Orders that were partially filled.