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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.
CREDIT SUPPLY
- We see FV at MS+70bps – we note the Coca Cola HBC EUR 29s trade with a cash price close to EUR 85.
- Secondary spreads are wider DoD though moves remain relatively muted (up to ~2bp wider vs. govies).
- Coca-Cola HBC haven’t gone to market since Sept 2022 though close comp Coca-Cola Europacific issued in November in a similarly rated (BBB+) EUR 700mn 7Y deal that tightened 25bps from IPT to price at MS+90 with a NIC of 15bps and a cover of 1.93x.
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.
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