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Free AccessPluxee (PLXFP; NR, BBB+; S) {PLX FP Equity}
- The 28s have been added to PEPP by ECB - note CSPP in full run-off, PEPP in reinvestment through 1H before gradual run-off. 31s left off - both issued late Feb on spin-off.
- Close comp Edenred (EDENFP; NR, BBB+) already in CESP/PEPP bar the longest 32s & despite that is still the cheaper screen for us - they both trade together & well wide for ratings, Pluxee likely on investor awareness, Edenred on recent regulation trouble that co says is well contained for now.
- Both curves getting the Tobacco/Gas station treatment for now despite very different industry growth prospects from equity analyst.
Pluxee & Edenred note from earlier; https://marketnews.com/edenred-nr-a-vs-pluxee-nr-b...
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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.