April 29, 2024 08:32 GMT
Roche ROSW (Aa2/AA): New Issue 6yr & 20yr Benchmarks
CREDIT SUPPLY
- 5yr IPT +65.
- 20yr IPT +110/115.
- WE see FV at +35 and +80 respectively.
- The 6yr should come close to the secondary curve.
- For the 20yr Eli Lilly (A1/A+) provides a useful comp for longer dated Pharma. See graph.
49 words