Northrop fires $8.25bn rocket as records tumble in dollar market

Northrop Rocket
By David Rothnie
12 Oct 2017

Northrop Grumman and Wal-Mart printed the biggest deals in their history as event-driven dollar bond supply roared back to life following the Columbus Day holiday.

Northrop was joined by Broadcom as M&A funders took centre stage, while Walmart hit the market with its first trade since 2014 to help finance a tender offer.

“Funding conditions are as good as I’ve seen and it’s a great window to issue now before the Fed ...

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