Credit-Default Swap Market
|New Issues||New Issues [Continued]|
1. Carnival PLC (EUR) 1% 10/28/2029 (10/21/2019): 600MM Senior Unsecured Notes, Price at Issuance 99.575, Yielding 1.045%.
2. Pernod Ricard SA (EUR) 0% 10/24/2023 (10/21/2019): 500MM Senior Unsecured Notes.
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 -0.349%, as of 10/22/2019
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