25 July 2023: Wealth Product Ideas
| Ticker and ISIN | BAYNGR 4 ⅜ 12/15/28 Corp (USU07265AF50) |
| Issuer | Bayer US Finance II LLC |
| Country | United States |
| Currency | USD |
| Industry | Pharmaceuticals (Bclass) |
| Coupon rate | 4.375% |
| Coupon frequency | Semi-annual |
| Maturity | 12/15/2028 (Make whole @25.000 until 09/15/28/ CALL 09/15/[email protected]) |
| Ratings | Baa2 (Moody’s) / BBB (S&P) / BBB+ (Fitch) / BBB (Composite) |
| YTM | 5.215% |
| Amount issued | 3,500,000,000 |
(Source: Bloomberg)
| Ticker and ISIN | TENCNT 3.975 04/11/29 Corp (US88032XAN49) |
| Issuer | Tecncent Holdings Ltd. |
| Country | China |
| Currency | USD |
| Industry | Technology (BCLASS) |
| Coupon rate | 3.975% |
| Coupon frequency | Semi-annual |
| Maturity | 04/11/2029 (MAKE WHOLE @25.000 until 01/11/29/ CALL 01/11/[email protected]) |
| Ratings | A1 (Moody’s) / A+ (S&P) / A+ (Fitch)/ A+ (Composite) |
| YTM | 5.415% |
| Amount issued | 3,000,000,000 |
(Source: Bloomberg)
