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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.
CONSUMER CYCLICALS
€500m 6Y SLB MS+115a vs FV +100
- 30bps in from IPT and books>€1.7b are in-line metrics.
- For those nervous on retail exposure, Pandora may be a good in with solid fundamentals. Soon after Kering's weak 1Q we mentioned stepping down as also attractive pick up (we price Kering to BBB+ ratings).
- H&M the larger fast fashion exposed an alternative.
FV/Background on co; https://marketnews.com/pandora-pndora-baa2-bbb-s-r...
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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