Millat Tractors (MTL) has reported a consolidated 4QFY21 NPAT of PKR1.8bn (EPS: PKR31.38), down 6% qoq, while up a sharp c.80% yoy from a NPAT of PKR1.0bn (EPS: PKR17.26) SPLY. This takes FY21 payout to PKR100/sh, with 32.5% bonus share issue. Revenu...

Top Credit Stories Bertelsmann (BERTEL) - Begins Majorel IPO process CNH Industrial (CNHI) - Iveco spin-off, new CFO and fixed-income roadshow Commerzbank (CMZB) - Cerberus open to acquiring 15.6% government stake, according to Handelsbla...

Lufthansa: Increases domestic capacitySwitch out of LHAGR 3% 5/26 into AFFP 3% 7/24s for a spread pick up of 60bp, to shorten duration by 1.4Y and to take out 2 points in cash. McLaren: 1H21 net leverage down to 2.9xSell MCLAUT 8/26 at 102.1/102.4 (B...

SOFIX (566.90) registered 0.15% increase on Wednesday although the index slipped below previous day level during the session. The tech sector supported the benchmark index the most, followed by real estate, which defined the outcome for BGREIT (163.....

Top Credit Stories BNP Paribas (BNP) - Buys majority stake in Dutch Dynamic Credit Lufthansa (LHAGR) - Increases domestic capacity Nidda Healthcare (SAZGR) - Rating confirmed by S&P and Fitch after tap of its existing term loan Sü...

Cirsa: Moody's and S&P change outlook to positive and stable, respectively Hold LHMCFI 5/25 indicated at a z-spread of 480bp.