Anglo American raises $1bn as US credit spreads hit tightest level since 2007 crisis

With many companies in earnings blackouts, Anglo launched $1bn of two year floaters and seven year fixed rate bonds, and was swamped with orders.

The originally South African mining giant, rated Baa2/BBB (both negative), chose BNP Paribas, Credit Suisse and Morgan Stanley to lead the deal. None of ...