Pre-migration untagged articles

The EuroMTN market saw a marked increase in activity this week as investors and issuers returned from their summer breaks ahead of the expected funding flurry at the beginning of September.

At the end of last week, a Texas jury ruled against Merck in a case alleging the pharmaceuticals firm's liability concerning the use of the anti-inflammatory drug Vioxx, which was used to treat arthritis. The firm widened 11bp last Friday and another 6bp on Monday to a mid of 40bp.