Six part Discovery series is hit with $28bn demand

Discovery Balloon
By David Rothnie
07 Sep 2017

The dollar high grade bond market returned to barnstorming form this week following the summer break with a Who’s Who of corporate America tapping the market.

Discovery Communications, rated Baa3/BBB- led the charge on Thursday with the biggest deal of the week so far — a six-part $6.2bn offering to fund its planned $14.6bn acquisition of Scripps Network Interactive (SNI). Lead bookrunners Citi, Credit SuisseGoldman Sachs racked up an order ...

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