Danaher raises €850m with triple-cooked pricing

By Nigel Owen
22 Jun 2017

Danaher Corp, the US healthcare technology group, issued a €850m dual tranche bond on Monday and the latest reverse Yankee issuer found strong demand for both tranches, resulting in minimal new issue concessions.

Bank of America Merrill Lynch, BNP Paribas and Deutsche Bank led the €250m five year FRN and 10 year fixed rate bond, which was launched as €500m and increased to €600m.

The deal was issued to help repay Danaher’s €500m FRN that matures on June 30 and some ...

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