Bonds trump loans as Roche takes haul to $32bn in two weeks
Roche sold a record-breaking Eu12.66bn equivalent ($16.23bn) of bonds in Europe this week after raising $16.5bn in the US last week, as the corporate bond markets proved more than a match for its acquisitive ambitions.
The euro and sterling funding took the Swiss firms haul from the bond markets to some $32.73bn, more than three-quarters of the way towards the $42bn total it is seeking to fund the takeover of US rival Genentech.
If any market participants thought that the European markets would not
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