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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CREDIT SUPPLY
NatWest (NWG: A3/BBB+/A) is issuing a housing social bond today, we see fair value around MS+125bp area.
- NatWest is issuing EUR benchmark 8NC7 social senior unsecured fixed with IPT at MS+150bp area. Expected ratings are A3/BBB+/A.
- This is issued from Group (not NW Markets) which trades tight with HSBC and slightly wide of ING at similar ratings. HSBC has some ‘32s and ‘33s either side of this issue, which means fair value looks around MS+125bp area.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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