Investors snack before $25bn Abbvie

By David Rothnie
07 Nov 2019

High grade dollar bond investors are braced for the biggest deal of the year after AbbVie, the pharmaceutical company, appointed a trio of banks to lead a possible $25bn issue that could come as soon as Monday.

AbbVie’s $63bn acquisition of Allergan received shareholder approval on October 25 and the company engaged Bank of America, Barclays and Morgan Stanley for investor calls on November 7 and 8. “While deal magnitude could present a technical headwind, we expect healthy demand for an IG pharma offering coming ...

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