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CONSUMER CYCLICALS: Essity; €29s on the move

CONSUMER CYCLICALS

(ESSITY; Baa1/BBB+)

€29s cheapening -0.3pts/+13bps to €88.8/Z+68. On spread it is at FV here (to a tad wide). I.e. no cost to trading the +11pts upside option (for those that do see chance of par call).

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(ESSITY; Baa1/BBB+)

€29s cheapening -0.3pts/+13bps to €88.8/Z+68. On spread it is at FV here (to a tad wide). I.e. no cost to trading the +11pts upside option (for those that do see chance of par call).

Keep reading...Show less