February 20, 2025 11:53 GMT
CONSUMER CYCLICALS: Edenred; Guidance
CONSUMER CYCLICALS
(NR/A-)
As above, FV accounts for a regulatory uncertainity discount.
- €750m 5.5y +95a vs. FV +95 (no NIC)
- -35 in from IPT, books>€3.6b
- 3m-par call, CoC

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