October 04, 2024 07:44 GMT
REAL ESTATE: Covivio (COVFP: BBB+): Equity Rallying
REAL ESTATE
- Small positive: Equity is up 4% today on upgrades from Citi and Barclays
- The curve generally trades wide to Klepierre (LIFP: BBB+ pos/A-) which makes sense
- Along the curve, COVFP 4.625 32 trades +34bp wide to COVFP 1.125 31 which appears to have a technical bid.
- Elsewhere on the French real estate sector Confinimmo COFBBB 1% 28 are +21bps vs ICADFP whereas the COFBBB 0.875 30s are only +6 vs Icade
Source MNI/Bloomberg
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