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Alyssa Gammoudy ... (+5)
  • Alyssa Gammoudy
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Veolia and Suez

Utilities: Veolia and Suez: strong 1H21 recovery, value in VIEFP bonds

Alyssa Gammoudy ... (+4)
  • Alyssa Gammoudy
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/CSPP & PEPP, Auchan, Alliander and Suez

Strategy: CSPP net purchases negative but PEPP likely active in purchasing corporates

Alyssa Gammoudy ... (+4)
  • Alyssa Gammoudy
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/TLTRO, Metro and Veolia

Financials: German, Italian and French banks record largest increases in TLTRO-III in March

Alyssa Gammoudy ... (+4)
  • Alyssa Gammoudy
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
Alyssa Gammoudy ... (+4)
  • Alyssa Gammoudy
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/Suez and Veolia

Utilities: Suez's offer to Veolia to end the deadlock is immediately rejected

Alyssa Gammoudy ... (+4)
  • Alyssa Gammoudy
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/CSPP, Diageo and Suez

Strategy: CSPP net purchases total a substantial €2.4bn

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/UniCredit, EDF and Suez

Financials: UniCredit tries to calm investor concerns about its capital plans

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill
Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Cash spreads, CSPP & PEPP, UniCredit, LVMH...

Strategy: Credit significantly calmer than equities yesterday, with minimal widening

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill
Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Erste, Heineken, LVMH, Suez and Veolia

Financials: Erste's CEO indicates insolvencies to rise next year, has frontloaded loan loss provisions

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Veolia & Suez

Utilities: Veolia's merger project is considered hostile by Suez

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/CSPP & PEPP, Telecom Italia and Veolia & S...

Strategy: Corporate purchases under CSPP & PEPP remain low for August at just €4bn.

Nadège Tillier
  • Nadège Tillier

Veolia/Offer for Suez strategically positive but somewhat credit negat...

Last night Veolia announced its intention to offer Engie €2.9bn to acquire 29.9% of Suez capital. Engie owns 32% of Suez. The offer represents a 27% premium on Suez's Friday close share price valuation. Veolia will finance this operation with cash. The company had c.€8bn of cash and cash equivalents on its balance sheet at the end of June 2020. The unsolicited offer, if accepted, is considered to be the first step to fully acquire Suez - Veolia also announced its wish to launch a voluntary t...

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill
Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/Issuer scorecard, Diageo, BT Group, Suez

Strategy: Issuer Scorecard - BBB Euro Corporate bond issuer heat maps

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill

Coffee, Croissants & Credit/AB InBev, Carlsberg, Beverages & Suez

AB InBev and Asahi group will close Carlton United transaction on 1 June

Alyssa Gammoudy ... (+6)
  • Alyssa Gammoudy
  • Hendrik Wiersma
  • Jeroen van den Broek
  • Nadège Tillier
  • Suvi Platerink Kosonen
  • Timothy Rahill
Jean-Christophe Dourret
  • Jean-Christophe Dourret
Jean-Christophe Dourret
  • Jean-Christophe Dourret
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