Credit-Default Swap Market
|New Issues||New Issues [Continued]|
1. Mota-Engil SGPS SA (EUR) 4.375% 10/30/2024 (10/28/2019): 75MM Senior Unsecured Notes, Price at Issuance 100, Yielding 4.38%.
OVERALL EUROPEAN CREDIT MARKET:
The euro-zone economy shows signs of negative momentum, weakening credit rating quality, and uncertainty regarding the outcome of Brexit. Closely watched indicators and rates:
- Eurostat's unemployment rate: currently 7.5% (seasonally adjusted, May 2019)
- Eurostat's quarterly GDP: 0.4% (2019 Q1)
- 6-month Euribor: current value -0.35%, as of 10/25/2019
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