In early January Metinvest premium over MHP narrows to 60bp - expert
January 16, 2013
Dmitry Turmyshev, analyst, BCS
During the first days of this year a premium on a short-term Metinvest eurobond over MHP narrowed from 120bp to 60bp. Nevertheless, it is still too high as, in our view, both the issues should trade at similar yields. We recommend to scale down MHPSA 15 holdings in your portfolio in favour of METINV 15.