Finnair just issued a new € 300m bond priced at MS +195bps, implying a yield of c.4.38%. This is tighter than IPTs of MS+220bps, and price talks of MS+200bps. Proceeds will be used for general corporate purposes, which we believe will target the financing of part of its capex needs linked to the renewal of its old short-haul fleet. With the bond being priced above our FV estimates of 4.25%, we are starting coverage of the new bond with a Buy recommendation. Elsewhere, the company also held a CM...
Finnair just issued a new € 300m bond priced at MS +195bps, implying a yield of c.4.38%. This is tighter than IPTs of MS+220bps, and price talks of MS+200bps. Proceeds will be used for general corporate purposes, which we believe will target the financing of part of its capex needs linked to the renewal of its old short-haul fleet. With the bond being priced above our FV estimates of 4.25%, we are starting coverage of the new bond with a Buy recommendation. Elsewhere, the company also held a CM...
A director at EasyJet bought 7,680 shares at 459p and the significance rating of the trade was 51/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Clo...
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