Loan market on alert after $16bn Roche US bond record

20 Feb 2009

The $16bn bond issued this week by Roche Holding, the Swiss healthcare products firm, underlined the remarkable strength and depth of the US dollar credit market.

But with the company still on the fundraising trail for its $42bn takeover bid for US rival Genentech, the bond market in Europe, the loan market and the commercial paper market are braced for their turn soon to come.

Roche, rated Aa1/AA-/AA, smashed the previous record for the largest ...

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