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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
COMMUNICATIONS
- NBN guidance is punchy, tightening by 25bps and 25-30bps from IPT with bonds now at/through the NBN EUR curve. Books are healthy with over EUR 5bn in orders across both lines.
- Not a huge surprise given current market conditions and the wide levels of NBN’s EUR bonds for a AA-rated issuer.
- For context, NBN issued its two benchmark EUR bonds in March 23 with the EUR 750mn 6yr tightening 25bps to price at a spread of MS+85bps with a cover of 2.5 while the EUR 600mn 10yr also tightened 25bps to price at MS+115bps with a cover of 2.8x.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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