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Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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G10 Markets
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Real-time insight on key fixed income and fx markets.
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Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
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About Us
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA MARKETS OPEN: Tsy Curves Reverse Course Ahead Wed CPI
MNI ASIA MARKETS ANALYSIS:Waiting For Next Inflation Shoe Drop
Key Inter-Meeting Fed Speak – Dec 2024
US TREASURY AUCTION CALENDAR: Avg 3Y Sale
Atos Refinancing Framework
- Atos aims for EUR 600mn in funding for 2024-2025 via debt and/or equity, adds EUR 300mn revolving credit, and EUR 300mn bank guarantees. Targets BB rating by 2026, aiming for leverage below 3x by end-2025 and below 2x by end-2026 (from 3.34x at FY23).
- 2024 goals include EUR 9.9bn revenue (from EUR 10.7 in FY23) with -2% organic growth, 4% operating margin (from 4.4%) and EUR -0.4bn FCF before the unwinding of EUR ~1.8bn in working capital (from a reported FCF of EUR -1.1bn at FY23)
- Envisions 2027 revenue at EUR 11.4bn, 10% operating margin (EUR 1.2bn), and EUR 0.5bn FCF, driven by growth in Eviden's sector with generative AI and cloud demand.
- Plans a 5yr maturity extension for residual financial debt, having secured EUR 450mn interim financing for liquidity until refinancing. Targeting agreement with financial creditors by July 2024.
- Full details: https://atos.net/en/2024/press-release_2024_04_09/market-update-april-9-2024
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.