MNI: RIKSBANK LEAVES KEY RATE UNCHANGED AT 3.75%

MNI BRIEF: China To Hold Key Third Plenum On July 15-18

MNI Brief: China Third Plenum To Deepen Reforms

MNI: PBOC Net Injects CNY80 Bln Via OMO Thurs; Rates Unchanged

CHINA PBOC CONDUCTS CNY100 BILLION VIA 7-DAY REVERSE REPOS THURS

MNI: PBOC Sets Yuan Parity Higher At 7.1270 Thurs; -0.78% Y/Y

Thedeen Does Not Commit To Cut In August, Depends on Data

EZ/UK Bond Supply Calendar: BoE APF on Monday

External Demand An Upside Risk to Riksbank Rate Path

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Tapestry (TPR; Baa2, BBB+; double Neg)

CONSUMER CYCLICALS
Credit BulletsBulletHomepagemarkets-real-timeCredit

Chunky cut here from Jefferies. Sell-side consensus we've generally seen as lagging the Capri equities pricing out of deal closure (at $57) - equities started their slide even before official FTC block was announced. Looks like views on deal are shifting here now, could be wake up call particularly for $TPR lines (though does have higher coupon carry).

News Article: Capri Holdings PT Cut to $38 from $57 at Jefferies

70 words

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.

Chunky cut here from Jefferies. Sell-side consensus we've generally seen as lagging the Capri equities pricing out of deal closure (at $57) - equities started their slide even before official FTC block was announced. Looks like views on deal are shifting here now, could be wake up call particularly for $TPR lines (though does have higher coupon carry).

News Article: Capri Holdings PT Cut to $38 from $57 at Jefferies