November 12, 2024 09:23 GMT
CREDIT SUPPLY: WPCarey (WPC: Baa1/BBB+): Fair Value +157
CREDIT SUPPLY
- IPT: 10yr exp €500m ms+190/195
- We see FV ms+157
- PLD curve 6bps per year; LOGICR 7bps/yr
- WPC 4.25 32 ms+142 +15 bps = ms+157
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