The AEJ Determinations Committee has determined that no auction will be held in respect of Relevant Transactions with respect to which a Credit Event resolution has occurred with respect to Sterling Biotech Limited. For the avoidance of doubt, the No Auction Announcement Date is therefore May 25, 2012. As such, the Fallback Settlement Method will be applicable to settle such Relevant Transactions.
Yes, a Failure to Pay Credit Event has occurred with respect to Sterling Biotech Limited.
Request Accepted by DC
Pending DC Consent