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HYBRIDS: Hybrids: EDP perps

HYBRIDS
  • EDPPL 5.943 Call28 is trading around 30 bps wide to the curve due to the threat of a 101 Call (which now looks like it won't happen)
  • EDPPL 1.875 Call29 is about 25bps rich to the curve. Investors are not obligated to accept a 10c fee here. The company will be keen to change the language of the Docs to regain S&P equity credit.
EDPPL_Perps
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  • EDPPL 5.943 Call28 is trading around 30 bps wide to the curve due to the threat of a 101 Call (which now looks like it won't happen)
  • EDPPL 1.875 Call29 is about 25bps rich to the curve. Investors are not obligated to accept a 10c fee here. The company will be keen to change the language of the Docs to regain S&P equity credit.
EDPPL_Perps