May 23, 2024 11:09 GMT
AARB Finals: MS+255bp, We Had FV at MS+220bp.
CREDIT SUPPLY
FINAL TERMS: Aareal Bank EU500m 2Y Green SNP MS+255
- IPT was MS+280bp area and, with few good curves to go off, we had a low confidence fair value in the MS+220bp region. This is relatively expensive debt for the term and rating.
- Books are above EUR1.6bn, so >3x covered.
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