Boots syndication struggle a test case for bookbuilding
Arrangers of the £9bn loan to back Alliance Boots’ leveraged buyout are having a tough time syndicating the deal. Like banks bookbuilding a bond, they are moving the price to chase demand — will the technique catch on in the loan market?
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts