Fixed Income Analysis /

HY & Xover Update - AMPIM, JAGLN, VMED

    Sven Kreitmair
    Sven Kreitmair

    Head of Credit Research

    Silke Stegemann
    Jonathan Schroer
    Christian Aust
    14 April 2021
    Published by

    HY & Xover Update

    • Amplifon: S&P revises outlook to stable from negative - no surprise Buy the AMPIM trading at100.4/101.0
    • Jaguar Land Rover: Reports GBP 600mn in increased cash in 4Q20/21 and extends GBP 1.31bn of its GBP 1.9bn RCF to March 2024 Hold TTMTIN 5.875% 1/28 at 101.5/101.8 (BVAL)
    • Virgin Media: Regulator approves fixed-mobile joint venture Hold the VMED 3.75% 7/30 trading at 100.9 or at Z+362bp