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Tapestry (TPR; Baa2/BBB; double Neg) Update to Pricing

CONSUMER CYCLICALS

Given the strong rally in rates, we are running through all early call/put situations in consumer with an updated look at what is priced. TPR below - reminder these are bonds issued for acquisition of Capri - if it doesn't close SMR kicks in and will be called back at 101.


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Given the strong rally in rates, we are running through all early call/put situations in consumer with an updated look at what is priced. TPR below - reminder these are bonds issued for acquisition of Capri - if it doesn't close SMR kicks in and will be called back at 101.


Keep reading...Show less