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Offer came as markets recovered and volatility fell
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.
Eight banks provided loan facility to company
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Colombian airline Avianca is confident it will be able to exit bankruptcy soon after the Colombian government said it would provide just over 30% of the new money required in the company’s proposed debtor-in-possession (DIP) financing — much to the shock of some politicians in the country. -
Ecuador has passed the final hurdle on its way to completing the restructuring of its $17.4bn of international bonds after reaching an agreement on a new IMF programme.
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Top tier UK universities are likely to issue public and private debt in the fourth quarter of this year, to fill a funding gap from collapsing summer revenues and dwindling numbers of international students. With operating conditions for the sector decidedly bleaker, many expect a clutch of lower ranked UK universities to go bust in the next few years.
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Icelandair, Iceland’s flag carrier airline, got approval on Friday from the European Economic Area’s watchdog for a state loan guarantee, paving the way for it to raise $247m-equivalent of loan and equity financing.
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Antengene Corp, a clinical stage biopharmaceutical company, has set the ball rolling for a Hong Kong IPO, adding to a bulging pipeline of healthcare firms targeting the city’s bourse.
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Bond investors said Argentina’s formal approach to the International Monetary Fund this week was a positive, if expected, development, but that it was still very uncertain whether the government would keep to a moderate path.
