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Statkraft(A): New Issue FV Analysis

CREDIT SUPPLY
  • IPT: EU500m WNG 8Y Fixed MS+110 Area.
  • IPT: EU500m WNG 15Y Fixed MS+145 Area.
  • Both Green. Statkraft is Norway government owned.
  • Longest outstanding STATK secondary bond is a 2033. RTEFRA(A) trades broadly flat to STATK and is a useful comp for longer dates.
  • We see FV at low 70s, 95a.

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