hard · Debt Capital Markets pricing-yields-curve
An industrial issuer has a 6-year bond trading at a Z-spread of 120 bps and an 8-year bond at 150 bps.
If the banker estimates a new-issue concession of 10 bps for a new 7-year benchmark, what is the expected reoffer spread?
- 145 bps
- 130 bps
- 160 bps
- 135 bps
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