AMR An auction scheduled Dec 15 2011

AMR An auction scheduled Dec 15 2011 : AMR Corp.'s filing for bankruptcy protection is expected to force sellers of insurance on the company's debt to pay up to $367 million to bondholders, one of the few such payouts on so-called credit-default swaps this year.

An auction is scheduled to be held on Dec. 15 to determine the market value of certain AMR bonds, and compensation due to CDS holders. A list of 16 different kinds of AMR bonds that can be delivered into the auction was published Monday by a special committee convened by the International Swaps and Derivatives Association. The payouts will be based on how For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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