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DS Smith (SMDSLN NA/BBB-/NA): IP Merger in Doubt?

BASIC INDUSTRIES

Potential upside for SMDSLN spreads; probably too many steps removed for this to get repriced for now, but something to be aware of. SMDSLN 4.375 27s look cheap (15 wide to the STERV curve vs SMDSLN 4.5 30s in-line) at Z+90.


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Potential upside for SMDSLN spreads; probably too many steps removed for this to get repriced for now, but something to be aware of. SMDSLN 4.375 27s look cheap (15 wide to the STERV curve vs SMDSLN 4.5 30s in-line) at Z+90.


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