Published On: November 1st, 2021Categories: Trade Ideas
The French leading global producer of glass containers for food and beverages Verallia (Ba2/BB+/BB+ stable) came in May 2020 with a sustainability-linked instrument (SLB) to diversify its funding sources and refinance part of its debt. The company is enjoying an operating recovery post pandemic and we expect Verallia to reach an investment grade rating in the next 12 months.
Therefore, its 1.625% 28s SLB notes (FR0014003G27) are offering some value.
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