Dura Auction sets Subordinated Bond Price at 3.5
Dow Jones - November 28, 2006
A special auction on Tuesday provided investors with exposure to Dura Automotive Systems with a price tag for settling
positions in cash. The final prices of Dura's senior 8.662% issue due 2012 was 24.125. The final prices on subordinated 9%
bonds due 2009 was 3.5 points. The auction was the first of its kind to allow single name credit derivative swaps to be settled
in cash. The auction was administered by Creditex.
