Free Trial

Unibail (URWFP: Baa2/BBB+): FV Analysis

CREDIT SUPPLY
  • Unibail has only issued one bond since the rates sell-off: URWFP 4.125 30
  • URWFP 4.125 30 trades z+120 about +22 wide to the curve. It is also a Green security.
  • We can't ignore this recent, liquid deal, so therefore we see:
  • 5yr: IPT ms+145; FV ms+110
  • 10yr: IPT ms+180; FV ms +145
  • Yesterday's Mercialys MERYFP 4% 31 has widened +4 to z+169 which may temper demand
  • UOP: Green
see graph



Source: MNI, Bloomberg

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.