HALISTER: Goldman Said to Weigh GBP600m Bid for Body Shop: Sky News

Goldman Said to Weigh GBP600m Bid for Body Shop: Sky News

(Bloomberg) -- Goldman Sachs merchant bank said to consider GBP600m bid for L’Oreal’s Body Shop before Friday deadline, Sky News says, without citing anyone.
  • L’Oreal’s initial EUR1b price tag for retailer “wildly optimistic,” sources said
  • Unidentified Goldman spokesman declined comment to Sky
  • NOTE: Bain, CVC among other bidders

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
GS US (Goldman Sachs Group Inc/The)
OR FP (L'Oreal SA)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: Euribor Gamma Extends Decline as ECB Hike Pricing Pared on Praet

Euribor Gamma Extends Decline as ECB Hike Pricing Pared on Praet

(Bloomberg) -- Euribor gamma faded further as fears of early ECB tightening unwind, with Praet comments further endorsing the central bank’s forward guidance.
  • March 2018 Euribor 50-delta has faded to 21.4 from YTD peak of 28.7, which was partly fueled by hawkish ECB rhetoric
  • Any further unwind of hike expectations will see implieds move lower in tandem; ECB-dated Eonia prices 5bp rate rise by March 2018 vs 11bp on March 24
  • Eonia forwards have faded off 2015 highs, with 12x24 back to pre-March ECB levels at -0.24% vs recent peak of -0.15%
  • See analysis here from last week highlighting scope for repricing of rate increases and move lower in implieds in the belly of the curve
  • NOTE: Tanvir Sandhu is an interest-rate and derivatives strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283

HALISTER1: INDIA RATINGS: Shah Technical Cut; Enmas GB Power Raised

INDIA RATINGS: Shah Technical Cut; Enmas GB Power Raised

(Bloomberg) -- Here’s a roundup of Indian co. debt-rating changes.
  • To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery
DOWNGRADE
  • Shah Technical Consultants
    • Long-term fund-based bank facilities cut to BB+ from BBB- at ICRA
    • Cites company’s weakened liquidity profile
UPGRADE
  • Enmas GB Power Systems
    • LT bank facilities raised to C from D at Care
    • Cites experience of founders, established track record

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
0526729D IN (Enmas GB Power Systems Projects Ltd)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283