EU CAPITAL GOODS: CAPITAL GOODS: MTU Aero Engines (MTXGR Baa3[P]/NR/BBB): FY25 Guidance

Nov-29 10:09

Not market moving.

  • MTU has released FY25 guidance. It sees revenue of €8.3-8.5bn, 2% of consensus at midpoint. Divisional guidance is all close to expectations.
  • It’s guiding adj. EBIT up low-to-mid teens, with consensus +14%. That appears to imply some mild margin pressure.
  • FCF is seen in the low triple digit millions, with consensus at €306mn.

Historical bullets

US: SOFR FIX - 30/10/24

Oct-30 10:05

SOFR FIX - Source BBG/CME

  • 1M 4.67171 -0.01345
  • 3M 4.57106 -0.01431
  • 6M 4.41800 -0.00881
  • 12M 4.17434 -0.01114

EGB SYNDICATION: Belgium 10-year USD WNG: Launch

Oct-30 10:04
  • $1b WNG 10Y Fixed (Nov. 6, 2034) at MS+64
    • IPT MS+64
    • Books above $1.1b (including JLM interest): Leads
    • Coupon: Semi-annual, 30/360
  • Issuer: Kingdom of Belgium
  • Settlement: Nov. 6, 2024
  • Bookrunners: BofA, CA-CIB, DB (B&D), Nomura

Details as per Bloomberg

EURIBOR: EURIBOR FIX - 30/10/24

Oct-30 10:04

EURIBOR FIX - EMMI/Bloomberg.

  • EUR001W 3.1440 -0.0080
  • EUR001M 3.1300 -0.0160
  • EUR003M 3.0560 0.0000
  • EUR006M 2.8670 -0.0190
  • EUR012M 2.5480 -0.0290