January 14, 2025 11:58 GMT
TRANSPORTATION: HIT (French toll-road operator) 4.25Y (x2)
TRANSPORTATION
(HITTFP; NR/BBB-/BBB; Stable) (Holdco under Abertis, owned by Mundys)
€600m 4.25y guidance +110a vs. FV +105 (5bp NIC)
- books>€3.8b, upsized from exp. €500m, -30 in from IPT
- no firm view
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