FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Grifols: Statement From Spanish Regulator. Process "May Take Weeks".

HEALTHCARE

Grifols (GRF SM); Spanish regulator (CNMV) says company has submitted response to its questions arising from the Gotham short-selling report. The two-page statement indicates:


  • Information review: the regulator has requested info from Grifols, some of its shareholders and other entities to verify the accuracy and completeness of Grifols’ published financials.
  • Gotham’s conduct: this also being reviewed in terms of content, dissemination and market operations, especially as it pertains to European rules on market abuse. We believe the CNMV will be cognisant of the situation BaFin in Germany put itself in over attacking a range of parties, including the Financial Times, over Wirecard. This was ultimately found to be a major fraud.
  • The regulator sees no reason to suspend Grifols’ shares from trading at this point.

BBG is reporting that this review “may take weeks”. The key ’25 bond, which is the subject of much refi speculation (to which Grifols indicates the likely successful completion of the ShanghaiRAAS deal largely answers), is trading over 50bp tighter today (AN216266 Corp), one of the best performers in the EuroHY index.

Credit BulletsBulletHomepagemarkets-real-timeCredit
Credit BulletsBulletHomepagemarkets-real-timeCredit

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.