The document provides a trade idea to buy ENBW 3 5/8 04/02/76 Corporate Hybrid Call in 2021, highlighting its investment rationale and recommendations. ENBW is a state-owned German utility with a strong position and conservative management. The investment offers an attractive pickup compared to peers and similar rated hybrids. The document includes a detailed recommendation table with ratings, yield, spread, and other financial metrics.
documents/EFTA01378329.pdf
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