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HY & Xover Update - SFRFP, LIMACO, Earnings Previews

HY & Xover Update

  • Altice France: 1Q21 results show mixed performance in an overall positive marketHold the SFRFP 8% 5/27 indicated at a z-spread of 320bp
  • Limacorporate: 1Q21 still impacted by COVID-19 but business recovery expectedHold the LIMACO floater trading at 99.9/100.4

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