February 20, 2025 08:28 GMT
CONSUMER CYCLICALS: Edenred; 5.5Y
CONSUMER CYCLICALS
(NR/A-)
Interesting deal, as we said BBB consumer services screens relative value vs. other subsectors. Edenred is A-rated but trades in-line with them on a regulatory discount.
- €Bmrk 5.5y MS+130a
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