THE LATEST FROM OUR EXPERTS

The recently issued Korea Hydro and Nuclear Power $5%

After a difficult period linked to the pandemic, the

Improving its capital structure along with continuing demand for

New Euro denominated Linde Plc - a defensive business

L'Oréal - a worthy play for defensive portfolios. Don’t

The clock is ticking in the US. Without any

After two difficult years, META reversed its trend to

Posh and cheap: the new inaugural euro Porsche SE

The recent volatility from the turmoil in the banking

After three US regional bank and Credit Suisse, who

 Credit Suisse or a Swiss tragedy: initially there was

What a week! the spectre of 2008 came to

As Warren Buffett said: “Only when the tide goes

With yields up and spreads tighter, the attractiveness of

While Euro denominated Investment Grade is attractive versus High

 Defined as "the biggest scam in corporate history" by

Enjoying strong fundamentals, the recently issued Tier 2 with

A USD denominated short-dated issue from Daimler Trucks, which

With the main driver of credit now being ratings

A new sustainability-linked bond from Valeo, complementing the SLB

GBP denominated short-dated bonds of the UK frozen food

The recently issued sustainability-linked bonds from the French food

In a context of scarcity of EUR denominated good

 While the basic industry sector is being hurt by

Current uncertain environment push us to favor defensive credit

ORPEA is opening an amicable conciliation procedure with substantial

 Recent turmoil in the Gilt market has affected the

 With GIC about to become the leading shareholder alongside

With GIC about to become the leading shareholder alongside

The move higher in yields and spreads is offering

“Refreshingly sustainable”, Coca Cola HBC is getting greener with

Back to quality : a decent yield for this

Upward interest rate trend has been one of the

A compelling risk/reward trade-off for this short-dated bond from

An interesting Yield to Call for the GBP denominated

In an environment fraught with uncertainty, the BBBs spectrum

Telecom Italia needs to restructure to cope with a

The clock is ticking for EDF and the French

For buy and hold investors in search of decent

In a volatile and uncertain environment, euro denominated good

LENOVO’s improving financial profile and more supportive Chinese government

 A high trigger Additional Tier 1 in the UK

Short-dated calls on the European Corporate Hybrid Universe are

In an uncertain environment, giving up is not a

Suzano - a quality investment grade issuer in Brazil

Relative Value Idea on the Brazilian petrochemical issuer Braskem:

In an expanding French care home market, the publication

 While the greening of the economy is irreversible, Pernod

Banijay - A defensive play in the deep high

For the first time in years, current environment is

As the conflict in the East continues, Russia is

What can we learn and extrapolate from the recent

 In a market full of volatility and geopolitical uncertainty,

The South African petrochemical giant Sasol has significantly improved

Headwinds for the Italian Saipem SpA: may bondholders be

Solid micro in a difficult brazilian macro environment. Don’t

New potential upgrade in the EU banking universe could

Positive fundamental and technical backdrops for European banks offer

EDF: are recent French government measures a game changer

With supportive macro and technical backdrops, euro denominated short-dated

Following the announcement by BNPP of the redemption for

Questions arise about the role Oil & Gas companies

On November 17th, the leading provider of financial technology

A less supportive macro mix has fueled some additional

The French leading global producer of glass containers for

As already explained in our “Libor Transition” publication last

On 28 August, we published a note on the

During the pandemic, the popularity of online groceries has

During the pandemic, with consumers shopping online to the

High Yield rated Energy companies took advantage of the

We first issued a note at the beginning of

We first issued a note mid-April when mounting concerns

Government policies provide a strong incentive to develop electric

Founded in 2012 to tackle the Brazilian card payments

While the auto industry is migrating towards aluminium instead

Idiosyncratic events, negative rating actions on Chinese property companies

Oil market recovery and budget reforms front-loaded in 2020

With mass vaccinations and the lifting of travel restrictions,

In the European Union, Rabobank has a unique instrument

On a regular basis, we recommend taking profits on

While the Chinese government is advocating for the increased

While the pandemic has forced us to change our

The Mexican banking system is solid and enjoys high

Brazilian growth is recovering, their currency is improving and

While pressures from discounters have accelerated during the past

Liquefied natural gas has an important role to play

According to the European Construction Industry Federation, the construction

The Chinese government continues to prioritize the development of

The German Deutsche Bank (A3/BBB+/BBB+) came to the market

Smith & Nephew PLC (Baa2 Stable/BBB- Stable) is a

On a regular basis, we recommend taking profits on

Steris PLC (Baa2 Stable/BBB- Stable) is a uniquely positioned

The past five years have seen a significant increase

The automotive sector and major auto parts manufacturers are

 Mounting concerns about the financial health of one of

Saipem SpA is a leading Italian company in engineering,

Re-opening prospects have driven strong demand for airline companies

During the past few months, we wrote a few

Despite the pandemic causing a significant rise in the

The UK’s leading savings and investment company M&G Plc

The Mexican government has recently reaffirmed its willingness to