September 23, 2024 09:05 GMT
CREDIT SUPPLY: Knorr-Bremse (KNOGR A3/A-/NR): New Issue FV
CREDIT SUPPLY
- IPT: Exp. EU500m 5Y Fixed MS+120 Area, Exp. EU500m 8Y Green Fixed MS+140 Area.
- We see FV at MS+90a, MS+112a.
- Our FV is ~10bp wide to RBOSGR (NR/A/A). Note we don’t assume any greenium.
See our credit profile here: https://marketnews.com/capital-goods-knorr-bremse-knogr-a3-a-nr-credit-profile.
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