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Alcon: Bonds Are Wide Vs Philips

HEALTHCARE

Alcon equity is +9% on strong results.


  • The equity is up 28% in 5yrs vs Philips -28% drop.
  • Both are BBB+ with S&P but Philips is on Neg Outlook.
  • ALCSW 2.375 28 is a single ISIN curve in Euro. Trades at a +10bps discount to the PHIANA curve.

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