Fixed Income Analysis /
Germany

HY & Xover Update - PELHOL, DOUGR, TKAGR

    Sven Kreitmair
    Sven Kreitmair

    Head of Credit Research

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    Silke Stegemann
    Christian Aust
    UniCredit
    21 January 2021
    Published byUniCredit

    HY & Xover Update

    • Adler Pelzer: Announces partnership with Japanese Hayashi TelempuBuy PELHOL 4/24 at 95.1/95.9
    • Douglas: Unconfirmed reports to improve profitabilty to avoid agressive debt restructuringHold the DOUGR 6.25% 7/22 issue trading at 97.5/98.5
    • thyssenkrupp: S&P revises outlook on BB- rating to negativeSell TKAGR notes