Tellimer

HY & Xover Update - ALTICE, BULENR, IMAIM, INEGRP, STYRO, MOONEY, PHARGR, ADRBID

  • Altice International: Speculation on Portugal divestmentHold the ALTICE 4.75% 1/28 trading at 98.1/98.7 or at Z+523/512bp
  • Bulgarian Energy: Plans to issue up to EUR 650mn in bonds globallyHold the BULENR 3.5% 06/25 at 107.5/108.3
  • IMA (Industria Macchine Automatiche): Outlook for substantial earnings and deleveraging growth confirmed, but M&A remains a riskHold the IMAIM 3.75 1/28 indicated at Z+407bp mid
  • Ineos;INEOS Quattro: S&P lifts outlook to stable on delveraging progressBuy the STYRO 3.75% 7/26 being offered at Z+345bp
  • Mooney Group: 1Q21 revenue up 17%, EBITDA up 21% due to Mooney Card and BankingHold the MOONEY Float 12/26 trading at 100.14/100.98
  • Phoenix Pharmahandel;Walgreens Boots Alliance: Strong FY20/21 results as expectedHold the PHARGR2.375% 5/25 trading at 103.2/103.9
  • United Group: 1Q21 results show positive organic growth in a restrained environmentHold the ADRBID 3.125% 2/26 trading at 97.1/97.5 or at Z+408/398bp

Most Viewed See latest
Disclosures

This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not con...

Full Tellimer disclaimers