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CREDIT SUPPLY: Infineon FV (NR/BBB+)

CREDIT SUPPLY
  • IPT given MS+110bps. UOP: GCP incl. refinancings (EUR 500mn maturing on 17 Feb).
  • See FV around MS+73bps, just wide of the BBB+ Corps BVAL curve.
  • Slightly lower cash prices on neighbouring bonds. Curve is flat today.
  • Tuesday’s results were positive with FY guidance for a return to top-line growth.
  • https://www.mnimarkets.com/articles/infineon-q125-results-1738655334946
  • Equity beating DAX by 13% with the curve outperforming €IG corps by ~2bp as of yest close.

 

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  • IPT given MS+110bps. UOP: GCP incl. refinancings (EUR 500mn maturing on 17 Feb).
  • See FV around MS+73bps, just wide of the BBB+ Corps BVAL curve.
  • Slightly lower cash prices on neighbouring bonds. Curve is flat today.
  • Tuesday’s results were positive with FY guidance for a return to top-line growth.
  • https://www.mnimarkets.com/articles/infineon-q125-results-1738655334946
  • Equity beating DAX by 13% with the curve outperforming €IG corps by ~2bp as of yest close.

 

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