Free Trial

Tele2 EUR 31s Outperform On Iliad’s Stake Acquisition

COMMUNICATIONS


  • Tele2 EUR 31s are the best performing €IG communications line today with a G-spread 9bps tighter today compared to moves of <1bp elsewhere on their curve.
  • Multiple equity analysts have discussed a potential full takeover by Iliad (Ba2/BB) over time and while each Tele2 EUR bond contains a change of control covenant, the 2031s are the only EUR line with a cash price significantly away from par, currently streaming at EUR 84.

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.