Pfizer pounces for size, market liquidity undrained

There can be no doubt about the depth of demand in the corporate bond market this week, as even with deals from ArcelorMittal, Air Liquide and Deutsche Telekom yesterday there was still plenty of liquidity left for Pfizer to bring its own massive deal today. The pharmaceutical will price Eu5.85bn of four, seven and 12 year euro paper and £1.5bn of 29 year sterling notes through Bank of America Merrill Lynch, Barclays Capital, Citi, Goldman Sachs and JPMorgan. To find out how this and all the deals in the market this week fared, read EuroWeek this Friday.