US CREDIT SUPPLY: Constellation Brands (STZ) $500m WNG 10Y +125 Area-Fair Value
NEW DEAL: Constellation Brands $500m WNG 10Y +125 Area - Fair Value
(STZ;Baa2/BBB/NR)
• $500m WNG 10Y Fixed (Nov. 1, 2035) IPT +125 Area. FV +95a
• Issuer: Constellation Brands Inc (STZ)
• Format: SEC registered, domestic, senior unsecured
• Bookrunners: BofA, BBVA, JPM, WFS
While Q2 #s beat consensus the negative headwinds are still swirling. Beer & wine consumption is lower across most segments. STZ took down FY guidance in Sept though CEO recently said the worst is behind them.
See our recent posts on STZ earnings:
https://www.mnimarkets.com/articles/constellation-brands-2q26-results-1759784067717
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EQUITIES: US Cash Opening Calls - Set for new record highs
US Cash Opening calls, SPX and NDX will gap higher to a new all time record high.
- Calls: SPX: 6,616.8 (+0.5%); DJIA: 45,966 (+0.3%/+132pts); NDX: 24,200.0 (+0.4%).
MNI EXCLUSIVE: Chinese policy advisors speak about US trade talks
Chinese policy advisors speak about their expectations for trade talks with the U.S.-- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
SOFR OPTIONS: Latest Option Trades
- SFRV5 96.37^ sold at 12 in 1.5k total.
- SFRZ5 96.37/96.25/96.12/96.00p condor, sold at 3.25 in 6k.
- SFRZ5 96.50/96.81cs with 96.62/96.87cs strip, bought for 5.75 in 3.5k.
- 2QX5 97.00^, sold at 27.5 in 2k (screen and pit).
