Freeport digs $6.5bn in big-hitting US market
The US high grade credit market this week shrugged off the volatility arising from Italy’s election impasse, as some of the biggest names in corporate America priced large trades and investors gobbled up a jumbo M&A financing.
Freeport-McMoRan Copper & Gold proved that credit investors remain thirsty for event-driven financings, increasing its four tranche deal to $6.5bn after attracting a $15bn book.Coca-Cola tapped the market for the first time for nearly a year, raising $2.5bn from $5bn of orders, as high grade corporate supply exceeded ...
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