April 29, 2024 08:33 GMT
Philips (Baa1/BBB+): Price Reaction
HEALTHCARE
- PHIANA 4.25 31 quoted -11bps tighter according to Bloomberg data.
- Philips equity is 31% higher after they announced progress in the legal settlement regarding sleep apnoea devices. Philips still trades at a discount to the BBB curve in longer dates.
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