Commentary & Deal Flow

+++Corrects S&P rating: BB+ (not BB-)+++

IG/HY crossover: Compagnie Plastic Omnium SE (POMFP) EUR500m Reg S only bearer dematerialized sr notes due 03/13/29 (5y). NCL (MWC) (3mo par call) (75% clean-up call). NR/BB+ (--/stable). Via BNP (B&D, gloco)/CIC/CA (gloco)/Natixis/SocGen jt active books. List Paris. French law. Annual pay (Act/Act). Settles 03/13 (T+5). ISIN: FR001400OLD1.

IPT: 5.375%-5.50% yield.

Did investor calls Mon-Tues. Pricing today. UOP: GCP. Biz: auto parts manufacturer. HQ: Levallois Cedex, France.