The document provides a trade idea to buy AEP Indiana Michigan Power 8-year bond, based on credit momentum and potential asset separation. It discusses the potential sale or spin-off of Ohio merchant generation assets, which could tighten spreads for AEP. The recommendation is to buy AEP Indiana Michigan Power 3.20% bonds due 3/15/23, with a view to outperform over 6-12 months.
documents/EFTA01378308.pdf
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