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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.
UTILITIES
- Spreads were mostly little changed with Madrilena Gas outperforming following consent solicitation https://marketnews.com/madrilena-red-de-gas-bbb-consent-solicitation.
- National Grid stole the spotlight this week with their bumper rights issue although credit impact is negligible. Gearing is brought down in the short term, but ambitious investment plans will see that tick back up over the coming years https://marketnews.com/national-grid-baa2-bbb-bbb-ambitious-investment-plan.
- With major investment required globally to support the energy transition and growing demand this is a dose of reality for the sector and its funding needs, with many European operators still government owned.
- Primary was limited with just Enexis, Redexis and EPH pricing single tranche deals.
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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