Free Trial

Burberry (Baa2, NR) Pricing pushed back

CONSUMER CYCLICALS
  • Burberry has pushed back pricing to Thursday after indicating it was coming today....as we said it, a tough deal to have a cheap view on even with a NIC to our FV.
  • €300m Sept 25s (with 3m par call) were issued in 2020 as a 5yr at T+135. Its now a 1.25y yet "roll down" is effectively non-existent with mids at T+117.
FV& Fundamentals on co

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.