US CREDIT SUPPLY: Equinix: $Bmark New Issue - Fair Value
Nov-05 15:41
• MNI FV 5Y +75A
• IPT 5Y +110A
• EQIX has executed well over the last 3 years on its growth strategy while maintaining conservative financial policies with net leverage at a relatively low 3.6x, up 0.1x sequentially, compared to DLR's 4.9x. However, we think EQIX should trade slightly back of DLR due to DLR's higher growth, higher owned assets, faster deleveraging and lower M&A activity.
• Issuer: Equinix Europe 2 Financing Corp LLC (EQIX), Guarantor: Equinix Inc
• Format: SEC registered, senior unsecured
• UoP: GCP
• Bookrunners: Barclays, Citi (B&D), GS, Mizuho, MUFG, SMBC
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FED: US TSY 26W BILL AUCTION: HIGH 3.695%(ALLOT 3.05%)
Oct-06 15:32
- US TSY 26W BILL AUCTION: HIGH 3.695%(ALLOT 3.05%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 28.17% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 9.23% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 62.59% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.04
FED: US TSY 13W BILL AUCTION: HIGH 3.850%(ALLOT 20.89%)
Oct-06 15:32
- US TSY 13W BILL AUCTION: HIGH 3.850%(ALLOT 20.89%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 36.63% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 6.07% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 57.30% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 2.91
OPTIONS: Expiries for Oct07 NY cut 1000ET (Source DTCC)
Oct-06 15:18
- EUR/USD: $1.1650-65(E2.2bln), $1.1695-10(E869mln), $1.1750(E1.3bln), $1.1820(E2.3bln)
- USD/JPY: Y149.25($667mln), Y149.75($811mln), Y150.00($747mln), Y150.60($525mln), Y151.00($776mln)
- AUD/USD: $0.6675-90(A$630mln)
