Free Trial

Elo/Auchan (ELOFR; NR, BB+ Stable); Final Terms

CONSUMER STAPLES
  • €750m April 2028 final at 5.875% or Z+307 vs. FV of 5.3%/+250
  • NIC is 57bps, its priced 13bps wider of 8-month longer March 29's (pricing to par-call in Dec '28)
  • Books > €2.3b
  • Elo reports semi-annually, 1H results generally come in late July to August, as mentioned before likely to see leverage peak this year/may not be credit friendly

To read the full story

Close

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.