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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.
FINANCIALS
Commerzbank final terms are at MS+215bp, we saw FV around MS+215-220bp and coverage this time is 6.3x – similarly to CredAg comments earlier, a positive sign for both primary and secondary in financials this week.
- Details: EUR750m 10.5NC5.5 Tier 2 sub debt with IPT at MS+260a, guidance at MS+225a and final terms of MS+215bp. Total book reported above EUR4.7bn (ex-JLMs). Preliminary ticker: CMZB 0 10/16/34 Corp.
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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