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HYBRIDS: CityCon (Perps: B+): Perps now single B+

HYBRIDS
  • Hybrids cut to B+ from BB
  • Bonds were already weak from Moody's withdrawal this morning
  • Dropping a further 1-1.2pts

Source CBBT

CITCON 3.625 Call2693.01-1.54
CITCON 7.875 Call2997.56-1.71
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  • Hybrids cut to B+ from BB
  • Bonds were already weak from Moody's withdrawal this morning
  • Dropping a further 1-1.2pts

Source CBBT

CITCON 3.625 Call2693.01-1.54
CITCON 7.875 Call2997.56-1.71