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Prospect News home > News index > List of issuers Q > Headlines for Quebecor World Inc. > News item
Published on 2/19/2008 in the Prospect News Distressed Debt Daily.

Quebecor World CDS settlement fixed at 41.25

New York, Feb. 19 - Credit derivative contracts on Quebecor World Inc. will be settled for cash at 41.25% of par, Markit Group Ltd. announced Tuesday.

The figure was set at 2 p.m. ET in a credit event auction.

Quebecor World missed its Jan. 15 coupon and filed for Chapter 11 on Jan. 21, triggering a credit event on credit default swaps referencing the company.

The auction gave a mechanism for cash settlement of the contracts.


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