Nasdaq recruits BofA, Morgan for $1.5bn loan to back OMX deal

04 Jan 2008

A $1.5bn equivalent loan supporting Nasdaq’s acquisition of its Swedish rival OMX will be marketed to banks next week when Bank of America and JP Morgan, the bookrunners on the deal, host roadshows in New York and London.

The $1.5bn loan will be used to part-finance the purchase of OMX from Börse Dubai, the Middle East stock exchange. The takeover finally got the go-ahead on Wednesday when the OMX board agreed to accept a bid worth Skr265 ($41.8) a share from the state-run Börse Dubai.Under the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial