Free Trial

BEL €350m 5y Sr Unsec. (unrated); Final terms MS+175, FV +170

CONSUMER CYCLICALS
  • BEL has priced its €350m 5Y at +175, 5bps shy of our FV, total tightening from IPT is 50bps.
  • Its' deal is likely to be a fair warning for more frequent/new issuers thinking of de-rating.

44 words

To read the full story

Close

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.
  • BEL has priced its €350m 5Y at +175, 5bps shy of our FV, total tightening from IPT is 50bps.
  • Its' deal is likely to be a fair warning for more frequent/new issuers thinking of de-rating.