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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.
CREDIT SUPPLY
- IPT on this Exp. EUR 500mn 7Y Green given at MS+180; we see FV around MS+135-140a - noting that this bond has a green designation where existing lines do not.
- TVO last came to market this time last year in a EUR 600mn 7Y deal that tightened 20bps to price at MS+165bps with a NIC of XX and a cover of 2.83x and a NIC of ~20bps.
- Deal comes with a tender for their EUR 500mn Feb 25s. Spreads have been muted since the mandate was announced yesterday (Feb 25s aside which are 9bps tighter).
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.
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