SEAT Pagine Gialle S.p.A – Credit Event

On December 1, 2011 the EMEA Credit Derivatives Determinations Committee resolved that a Failure to Pay Credit Event occurred in respect of SEAT Pagine Gialle S.p.A and resolved that an auction will be held. This page contains details of the DC Resolutions, auction documentation and other items relating to the auction for SEAT Pagine Gialle S.p.A.

Further documentation relating to the auctions will be added as it becomes available.

Please note that only Credit Derivatives Transactions in respect of which (i) SEAT Pagine Gialle S.p.A. is specified as a Reference Entity and (ii) the bond with ISIN XS0190027051 and XS0190027481 (issued by Lighthouse International Company S.A. and guaranteed on a senior subordinated basis by SEAT Pagine Gialle S.p.A., with a coupon of 8% and due 2014) is designated as the applicable Reference Obligation, will constitute "Auction Covered Transactions" for the purposes of the SEAT Pagine Gialle S.p.A. auction. Therefore, it is only these transactions that will settle based on the auction final price determined pursuant to the SEAT Pagine Gialle S.p.A. auction.

Auction Timeline:

CDS Credit Event Timeline

Related DC Resolutions:

EMEA Determination Committee Decisions

List of Participating Bidders:

List of Participating Bidders

Deliverable Obligations:

Final List of Deliverable Obligations

Auction Settlement Terms: Auction Settlement Terms for Seat Pagine Gialle S.p.A.
Blackline Auction Settlement Terms: Blackline revised Auction Settlement Terms (12/7/2011) against original Auction Settlement Terms (12/5/2011)

Related Press Release: