October 15, 2024 09:25 GMT
COMMUNICATIONS: TDF Infrastructure FV (EU500m WNG 7Y Fixed; BBB- at Fitch)
COMMUNICATIONS
- IPT given at MS +220a; see FV around 175-180bps.
- Last issued in July 2023 in a EUR 600mn 5yr that tightened 27.5bps to price at MS+240bps with a cover of 4x. The bond was +0.6bp vs. its benchmark seven days after it was issued compared to the Telecommunications index which was +2.3bp.
Books above EU1.85b
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