Baxter picks euros again after long bond gap
Baxter International, the US medical equipment company, chose the euro market on Friday for its first bond issue of any kind for two years. The €1.5bn deal followed another euro issue in 2017. Not since 2016 has Baxter issued in dollars.
The Baa1/A-/A- rated issuer chose Bank of America Merrill Lynch, Barclays, Citigroup and UBS to lead its five and 10 year issues on Friday May 10.
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