
European Bond Research – November 13, 2019
Posted on November 13, 2019
EUROPEAN BOND RESEARCH
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November 13, 2019
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New Issues | New Issues [Continued] |
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1. Electrolux AB (SEK) FLT% 11/19/2024 (11/12/2019): 750MM Senior Unsecured Notes.
2. Peach Property Group AG (EUR) 3.5% 2/15/2023 Reg S (11/12/2019): 250MM Senior Unsecured Notes, Price at Issuance 99.238, Yielding 3.75%. |
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OVERALL EUROPEAN CREDIT MARKET:
The euro-zone economy shows signs of negative momentum, weakening credit rating quality, and uncertainty regarding the outcome of Brexit. Closely watched indicators and rates:
- Eurostat’s unemployment rate: currently 7.5% (seasonally adjusted, May 2019)
- Eurostat’s quarterly GDP: 0.4% (2019 Q1)
- 6-month Euribor: current value –0.328%, as of 11/12/2019
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