Walgreen completes Boots financing with tight sterling and euro trades

Walgreens store 230x150
By Richard Metcalf
10 Nov 2014

US pharmacy chain Walgreen completed the bond financing of its acquisition of Alliance Boots on Monday with sterling and euro bonds totalling some €1.5bn. Strong demand for US credits allowed the bonds to be priced tightly, with the euro tranche considerably inside Walgreen's dollar bonds, according to one lead manager.

After issuing $8bn in the US market on Thursday, ...

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