Free Trial

Sani/Ikos Group (SNIIK; Secured Caa2/NR/B-) IPT

CONSUMER CYCLICALS

€350m 6NC2 Snr Sec. IPT 7.5-7.75% (MS +480 to +500)

  • No net supply as it calls single outstanding €300m 26s which rallied in +8.5pts since Nov last year.

We only see 2 CCC issuances this year, the Atalian in a bond exchange and paper manufacturer Fedrigoni's Snr Unsecured €300m 5NC1 at 10% PIKs.

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.