September 20, 2024 11:26 GMT
CREDIT SUPPLY: Grenke Final Terms: 20bp NIC and <2x Cover
CREDIT SUPPLY
Grenke (GLJGR: BBB/BBB) final terms are MS+280bp (we see fair value around MS+260bp) and books are above EUR800m (for EUR500m). So, unsurprisingly for such a wide issuer, a good NIC and quite weak coverage levels.
- “FINAL TERMS: Grenke Finance EU500m Long 4Y Social MS+280” - BBG
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