Dollar bond frenzy: everything is supersized
T-Mobile became the latest US company to cash in on the extraordinary boom in dollar bond issuance as it priced an increased $19bn deal on Thursday that attracted $72bn of demand.
The US mobile carrier stoked demand by originally announcing the six part M&A trade to fund its recently closed acquisition of Sprint with an initial size of $10bn, before upsizing it.T-Mobile led the charge with eight borrowers on Thursday as supply continued at a cracking pace in ...
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