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Unilever (UNANA; A1, A+, A) $ 2-part

CONSUMER STAPLES

It's bringing 3/10Y $ supply, IPT at T+80/+110 respectively is +30-40 wide of secondary. Secondary swaps over +20bps wide of Euro & sterling. Worth taking a look for € investors with flexibility.


Heavy maturities next year ($2.6b) with a skew to €S ($2b) on the Jan/March/July 25s coming due.

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