Free Trial

PostNL (PNLA; NR/ BBB Neg)

CONSUMER CYCLICALS

*MANDATE: POSTNL EXP. €300M 7Y SLB ROADSHOW

Unclear if its for refi on the Nov 24 which has 3m par call but was tendered in Nov last year at MS+0 (mids were +20) - take-up was €47m of €160m limit, €353m left outstanding. Only other line a €300m Green 26 trades at Z+80, decent run in recently, thoughts to follow, reminder we have a screen cheap on the IDSLN 28s (BBB Neg, facing takeover) at Z+161 now.

To read the full story

Close

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.