EM CEEMEA CREDIT: CEEMEA EM Credit Market Update close
Sep-10 15:32
In Rates, UST 10Y -3bp at 4.06% and 5s/10s unch at 46.
Sov spreads: -5 to +5bps.
Corporate Spreads: -5 to +3bps.
New Deals & Mandates:
Bidvest Group (BVTSJ; Ba2/NR/BB) $500mn 7NC3 IPT at 6.75%A, FV at 6.375%, launch at 6.20%, see link for full analysis https://mni.marketnews.com/41IXiou
Saudi Aramco (ARAMCO; Aa3/NR/A+) 5Y IPT at T+105bpA, MNI FV at T+70bp, final spread T+70bp and 10Y IPT at T+115bpA, MNI FV at T+78bp and final T+80bp see link for full analysis https://mni.marketnews.com/42qgiIq
Bank of Cyprus (BOCHLN) Exp Rating Ba1/NR/NR - €300m WNG 11NC6 Tier 2 IPT MS+230 MNI FV MS+195 Final MS+195 see link for analysis https://mni.marketnews.com/47EdwTC