Credit-Default Swap Market
|New Issues||New Issues [Continued]|
1. Suez SA (EUR) 0.5% 10/14/2031 (10/07/2019): 700MM Senior Unsecured Notes.
2. S IMMO AG (EUR) 2% 10/15/2029 (10/07/2019): 58MM Senior Unsecured Notes, Price at Issuance 100.
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 -0.389%, as of 10/07/2019
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