February 06, 2025 09:11 GMT
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.
![image](https://media.marketnews.com/image_58b4e2abd0.png)
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