EU BASIC INDUSTRIES: Air Liquide: 4-tranche deal (AIFP; A2/A/NR)

Oct-29 08:34

• IPT: exp €500m 4yr ms+70-75 (100.50 call)
• FV: ms+30

• IPT: exp €500m 7.5yr ms+95a (100.50 call)
• FV:  ms+60 in line with AIFP 33s. We note that the AIFP 3.375 34 trades wide.

• IPT: € BMK 12yr ms+115-120 (101 call)
• FV:  ms+75. Taking the recent AIFP 3.5% 35 and adding 12bps for 3yrs in line with Linde curve.

Also 2yr FRN.

 

AIFP_FV

Historical bullets

MNI: UK AUG M4 MONEY SUPPLY +0.4% M/M, +3.4% Y/Y

Sep-29 08:30
  • MNI: UK AUG M4 MONEY SUPPLY +0.4% M/M, +3.4% Y/Y

MNI: UK BOE AUG MORTGAGE APPROVALS 64,680

Sep-29 08:30
  • MNI: UK BOE AUG MORTGAGE APPROVALS 64,680
  • UK BOE AUG SECURED LENDING GBP4.31 BLN
  • UK BOE AUG CONSUMER CREDIT GBP1.69 BLN

EGB OPTIONS: Bund Call Spread Buyer

Sep-29 08:26

RXX5 130/131.5cs, bought for 11.5 in ~2.5k.