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CredAg: Priced Tight To Our FV, Good Coverage, Positive For Financials Spreads

FINANCIALS

CredAg final terms are at MS+170bp with the book 3.8x covered. We had FV at around MS+165-170bp so little evidence of a meaningful NIC and still a pretty well covered book. Positive for financials spreads, especially on a busy day with a good pipeline for tomorrow already visible, we feel.


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CredAg final terms are at MS+170bp with the book 3.8x covered. We had FV at around MS+165-170bp so little evidence of a meaningful NIC and still a pretty well covered book. Positive for financials spreads, especially on a busy day with a good pipeline for tomorrow already visible, we feel.


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