EM CEEMEA CREDIT: Ford Otosan: Q3 2025 Results - Headlines
Nov-06 07:26
(FROTO; NR/BB-/BB+)
Full analysis to follow
“*FORD OTOMOTIV 3Q PRODUCTION 161,971 VEHICLES, +12% Y/Y
*FORD OTOMOTIV SEES FY LOCAL SALES 110,000 TO 120,000 UNITS
*FORD OTOMOTIV 3Q SALES 189.58B LIRAS, EST. 186.78B LIRAS
*FORD OTOMOTIV 3Q NET INCOME 8.40B LIRAS, EST. 7.76B LIRAS” - BBG
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EQUITIES: EU Bank Block trade
Oct-07 07:26
EU Bank Block trade, suggested seller, helping the unwind lower.
- CAZ5 ~3.35k at 229.15.
CROSS ASSET: Higher Yields boost the USDJPY
Oct-07 07:16
- The Push lower in Bonds futures will be supportive of the Dollar and especially the USDJPY, now probing a new intraday high, and eyeing the next big level noted earlier at 150.92.
- There's continued selling interest in Core Bonds and while the Volumes haven't picked up, the lower liquidity means that it takes little order size to move markets.
- US TYZ5 printed a 112.11 low Yesterday, some desks might look for support at 112.06, but better will be seen around 112.03 (4.20% in Yield).
EU-BOND SYNDICATION: 2.75% Dec-32 / New 15-year Dec-40 EU-bond: Books open
Oct-07 07:10
2.75% Dec-32 EU-bond
- Guidance: MS + 36bps area
- Size: E5bln (MNI expected E4-5bln)
New 15-year Dec-2040
- Guidance: MS + 77bps area
- Size: E5bln (MNI expects E5-6bln)
- ISIN: TBC
- Coupon: Long first
- Maturity: 12 December 2040
For both:
- JLMs: BNP Paribas, Citi, Deutsche Bank, DZ BANK and Santander
- Settlement: 14 October 2025 (T+5)
- Timing: Books open, pricing later today
From market source / MNI colour
