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CREDIT SUPPLY: €IG Primary Tracker

CREDIT SUPPLY
  • Just two single-A €IG senior deals from DNB Bank (EUR 1bn 6NC5 Green SNP) and Fingrid (EUR 500mn 5Y Green) to add to our tracker this week.
  • Aggregate cover of 2.6x was low with the 4.8x seen by Fingrid set against the 1.5x by DNB.
  • DNB came 2bps through our FV while Fingrid left 10bp on the table.

 

 

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  • Just two single-A €IG senior deals from DNB Bank (EUR 1bn 6NC5 Green SNP) and Fingrid (EUR 500mn 5Y Green) to add to our tracker this week.
  • Aggregate cover of 2.6x was low with the 4.8x seen by Fingrid set against the 1.5x by DNB.
  • DNB came 2bps through our FV while Fingrid left 10bp on the table.