Dollar bond market back at full throttle
The US bond new issue market was in full swing on Thursday as a United Technologies spin-off made its debut and credit shrugged off the coronavirus epidemic.
Carrier Global Corp, rated Baa3/BBB, raised $9.25bn as it established a dollar curve across six tranches: a $500m three year that came at 50bp over US Treasuries; a $2bn five year at 80bp; a $1.25bn seven year at 95bp; a $2bn 10 year at 110bp; a $1.5bn 20 ...
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