Free Trial

PVH (Baa3 Pos, BBB- Pos)

CONSUMER CYCLICALS
Headline: *S&PGR Rates PVH's Snr Unsecd Green Bonds Due July 2029 'BBB-'

  • Reminder it already affirmed it on BBB- Positive outlook on Friday after earnings sell-off/guidance disappointment.
  • No net new supply on this deal (its refi-ing the €525m 3.625% 24's) - hasn't stopped the 27's from continuing its sell-off - mids are +9bps today, +20 wider since earnings.
  • PVH is coming wide with IPT +190 vs. FV of +110.

    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.