Accor SLB re-prices on target miss

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Accor has announced that the two targets referenced by its SLB have both been missed

The bond has been quick to react to news that Accor has missed its SLB targets. The coupon has been adjusted in Bloomberg, and the bond has outperformed in the immediate trading sessions after the reporting to include the increased coupon values.

This information seems to have been efficiently digested by the market.