May 16, 2024 12:08 GMT
Merck & Co: Guidance
CREDIT SUPPLY
{R1}{US} Merck (MRK: A1pos/A+)
4-tranche deal. All deals EUR 750m expected
- 8yr IPT MS+85/90; Guidance MS+60; we see FV +57
- 13yr IPT MS+105/110; Guidance MS+80-85; we see FV+75
- 20yr IPT MS+135a; Guidance MS+105-100; we see FV+98
- 30yr IPT MS+175a; Guidance MS+140a; we see FV+135
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