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Teleperformance Equity And Spreads Perform Well On Results

TECHNOLOGY

Teleperformance (NR/BBB) equity (+11%) and credit responding well to results with markets seemingly focusing on the positive organic growth rate of 2.4%, above consensus FCF generation and the on-track Majorel integration. EUR curve is steeper with 27s 4bps tighter and 31s 1bp tighter.

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