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ISS Global (Baa3 S, BBB- P) {ISS DC Equity} 1Q Earnings Call

CONSUMER CYCLICALS

ISS lines have had a high beta rally since late last year & finally hit a pause on that over last 2months. Its closer to what we see as FV here - still see some value in the 26s at Z+64/G+97/4% for carry hold. A new issue further out - if it refis the Dec €300m line - may bring some more value/excitement with it.


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ISS lines have had a high beta rally since late last year & finally hit a pause on that over last 2months. Its closer to what we see as FV here - still see some value in the 26s at Z+64/G+97/4% for carry hold. A new issue further out - if it refis the Dec €300m line - may bring some more value/excitement with it.


Keep reading...Show less