October 25, 2024 08:23 GMT
BASIC INDUSTRIES: Verallia (VRLAFP Baa3/BBB-/NR): New Issue FV
BASIC INDUSTRIES
- IPT: EUR Benchmark 8Y MS+195-200.
- We see FV at MS+155a.
- The VRLAFP 31s trade with an 88 handle, which we account for.
- Secondary is unchanged today, having widened 4-6bp on the mandate announcement.
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