Marvell Technology chips in to empty bond market as China approves M&A

By Jon Hay
08 Apr 2021

Marvell Technology, the Bermuda-registered US chipmaker, jumped into the dollar bond market this week with a $2bn trade linked to a $10bn acquisition, after clinching the deal more quickly than expected.

Investors showed strong demand for a more subdued issuance calendar, after March turned into the second busiest month on record, according to Dealogic.

Marvell, rated Baa3/BBB-, brought a $2bn three tranche offering on Monday. Bookrunners Bank of America, Citigroup, Goldman Sachs, HSBC, JP Morgan, MUFG, and Wells Fargo priced ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial