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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.
TECHNOLOGY
{GE} Infineon Curve Up To 7bps Tighter Today As Company Announces Plant Sales
- Infineon’s bonds are amongst the best intraday tech performers in the BBG index, with each of their four EUR lines tightening vs. govies and by up to 7bps (26s & 29s)
- Infineon this morning announced that it is to sell two manufacturing sites to ASE, enhancing their strategic partnership with closure expected in Q224 though no financial details were announced.
- Infineon has performed well against peers in recent weeks, tightening ~20bps against a peer group of EUR tech bonds after a period of broadly EUR sideways spread moves in H2.
- Infineon was upgraded to BBB+[S] by S&P early last week and went to market on Monday for a EUR 500mn 3yr deal that tightened 42bps to price through the secondary curve at MS+48.
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.
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