Report
Carine Maciol

Fidelidade : Issuance Focus

Fidelidade, Portugal's leading insurer, has issued an RT1, rated BBB-. Remarkably, this RT1 will be the first in the market under a Green Financing Framework. IPT is offering a low 8% coupon, which we guess is fair. Admittedly, this is the most generous and attractive in the existing universe of RT1 instruments, but it precisely compensates for the inaugural nature, the lesser knowledge of the credit by the market and its shareholders. This issue highlights FIDELI's other bond: t...
Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Carine Maciol

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