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FINAL TERMS: EasyJet Exp. EU900m 7Y MS+125, in line with our FV range of 125-130

CONSUMER CYCLICALS
  • Looks like it has been upsized from guidance (€750m), strong books at >€4.2b.
  • €1.2b 28's trade at +97, i.e. +28bps for 3yr term extension

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