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US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions
The US dollar market buoyant this week despite escalating hostilities in the Middle East
Redwood will be a repeat issuer
Monday evening sale is latest block trade
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◆ Danish biotech prints three tranches along the curve ◆ Seven year bond proves the sweet spot ◆ Proceeds to refinance €1.5bn acquisition bridge -
Sfr4.9bn trade is largest European ECM deal since National Grid’s £7bn rights issue in 2024
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Offer came as markets recovered and volatility fell
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Abbott Laboratories plundered $20bn as it led a trio of drug companies which printed jumbo bonds as a deluge of supply in the dollar market ensured a red-hot end to the month.
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Eight banks provided loan facility to company
