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Thom Group : The jewel in the retail crown, at its true value
THOM bonds significantly outperformed the high yield indices in 2022 with their Z-spread widening by just 18bp (+4%) vs. +200bp for the iBoxx single-B index (+41%) and +395bp for the iBoxx EUR High Yield Retail index (+82%). The € 160m payout to shareholders did not attract undue attention, nor did it prevent S&P from raising its outlook to positive, reflecting significant cash flow accumulated since the issuance thanks to strong operating results after the covid crisis and a sti...
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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.
Anne-Barbara Nicco
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