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A European Investor wants to invest 100 Million Euro in the USD bond issued by Apple (Apple 2% 1/3/2030) but he does not want to
A European Investor wants to invest 100 Million Euro in the USD bond issued by Apple (Apple 2% 1/3/2030) but he does not want to be exposed to the EUR/USD moves. His horizon is 6 months. Market data: -Date is 1/3/2020 -Bond price= 100% -EUR/USD trades at 1,1000 -FX Forward EUR/USD 6 months is quoted 60 points What are the trades to implement? Calculate the P&L after 6 months (1/9/2020) if the Apple bond trades at 102% and EUR/USD trades at 1,15?
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