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Avinor (AVINOR; A1/A S)

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€500m 10Y IPT +105 vs. FV +78 (-27)

**Screens cheap to step up into BBB+ airports (+40bps for 2 notches). ADPFP 7Y pricing -3 though our FV last week and now +4 in secondary might be the cautionary tale for that/this deal.

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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.

€500m 10Y IPT +105 vs. FV +78 (-27)

**Screens cheap to step up into BBB+ airports (+40bps for 2 notches). ADPFP 7Y pricing -3 though our FV last week and now +4 in secondary might be the cautionary tale for that/this deal.

Keep reading...Show less