Free Trial

AUTOMOTIVE: Ford (F Ba1/BBB-[N]/BBB-): New Issue FV

AUTOMOTIVE
  • EUR Benchmark 5.5Y MS+215 Area (BBG)
  • SEC registered deal.
  • This will be an interesting test case after very strong primary pricing recently. Recent 4Q24 showed a weak outlook and tariff overhang remains. Spreads were pressured further by S&P’s move to outlook negative. We would expect some NIC at final pricing vs FV on this.
  • We see FV at MS+175a.

    F FV 13
56 words

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.
  • EUR Benchmark 5.5Y MS+215 Area (BBG)
  • SEC registered deal.
  • This will be an interesting test case after very strong primary pricing recently. Recent 4Q24 showed a weak outlook and tariff overhang remains. Spreads were pressured further by S&P’s move to outlook negative. We would expect some NIC at final pricing vs FV on this.
  • We see FV at MS+175a.

    F FV 13