Triple-A J&J jumps in for $7.5bn as red hot summer peaks

By David Rothnie
20 Aug 2020

Johnson & Johnson raced to the dollar bond market on Thursday with a quick-fire acquisition financing that raised $7.5bn, pushing issuance in August within sight of $100bn for the first time.

J&J, which is the only company besides Microsoft with pristine credit ratings, hit the market on Thursday with its first deal for three years to help fund its $6.5bn all-cash purchase of Momenta Pharmaceuticals, a deal announced just days earlier on August 17.

The deal swelled issuance in ...

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