March 11, 2024 10:29 GMT
Land Securities Secured (AA/AA-): New Issue FV Analysis
REAL ESTATE
Credit BulletsBulletHomepageBank Of England (BOE) Market NewsCreditUKLand Securities Group plc (LAND) Market News
- IPT: Land Securities GBP Benchmark 7.5Y Sr Sec UKT+125-130 Area.
- FV looks to be MS+110-115.
- With swap at ~3.70%, that’s a yield of 4.80-4.85%.
- We see FV at UKT+100a.
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