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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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Bankers say a lack of investor confidence makes bigger deals more challenging
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The Saudi drug maker's IPO is the first major flotation in the country this year
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Fourth biggest bond ever needed new pricing approach to work
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2023 has been a slow year for Saudi Arabia's IPO market
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In a block trade, GSK sold 2.6% of its former joint venture with Pfizer
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After a blowout 2022, the pace of issuance in Saudi equity capital markets has slowed this year