October 4, 2023, Wednesday
12:00 PM – 1:00 PM CT...
Read MoreSYNA – Base Case iCDS 152bps,
Negative Case iCDS 209bps, 2029 4.000% Bond YTW of 7.693%, iYTW of 6.133%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
UAA – Under Armour, Inc.
Action: Close 2026 3.250% Bonds CUSIP: 904311AA5...
FLR – Traded CDS 108bps, Base Case iCDS 145bps,
Negative Case iCDS 215bps, 2028 4.250% Bond YTW of 5.994%, iYTW of 5.973%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreMUR – Base Case CDS 138bps, Base Case iCDS 155bps,
Negative Case iCDS 271bps, 2028 6.375% Bond YTW of 6.477%, iYTW of 6.012%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreFeatured Top Idea
CIEN – Ciena Corporation
Action: Buy 2030 4.000% Bonds, CUSIP: 171779AL5 (6.442% YTW, 5.392% iYTW)...
UAA – Base Case CDS 225bps, Base Case iCDS 145bps
Negative Case iCDS 210bps, 2026 3.250% Bond YTW of 6.357%, iYTW of 6.143%
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreFeatured Top Idea
UBER – Uber Technologies, Inc.
Action: Buy 2026 8.000% Bonds, CUSIP: 90353TAC4 (6.246% YTW, 4.332% iYTW)
Buy 2027 7.500% Bonds, CUSIP: 90353TAE0 (6.519% YTW, 4.605% iYTW)
Buy 2028 6.250% Bonds, CUSIP: 90353TAG5 (6.446% YTW, 4.532% iYTW)
Buy 2029 4.500% Bonds, CUSIP: 90353TAK6 Buy 2029 4.500% Bonds, CUSIP: 90353TAK6...
MSCI – Base Case iCDS 88bps
Negative Case iCDS 143bps, 2029 4.000% Bond YTW of 6.066%, iYTW of 5.236%
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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