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TRANSPORTATION: IDS; Daniel Křetínský may close in next 2 weeks (BBC)

TRANSPORTATION

(IDSLN; NR/BBB Neg/NR)

BBC leaks were priced into equities for some time now. Despite a rally in we are still skewed to see (some) value on €28s and more clearly see value on €26s (+3pts on HY ratings, +90bps over bunds in carry). No firm view on longer £30s that have been left wide. To refresh memories, details of the take-private transaction are;

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(IDSLN; NR/BBB Neg/NR)

BBC leaks were priced into equities for some time now. Despite a rally in we are still skewed to see (some) value on €28s and more clearly see value on €26s (+3pts on HY ratings, +90bps over bunds in carry). No firm view on longer £30s that have been left wide. To refresh memories, details of the take-private transaction are;

Keep reading...Show less