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 S&P Global 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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