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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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Huge amounts of state aid for European airlines still might not be enough to stave off defaults and insolvencies after a European Commission guideline suggested the industry needs to stump up more than €9bn in short order to refund customers forced to miss flights. -
Wincanton, the UK logistics company, has added a £40m short term tranche to an existing revolving credit facility, as the coronavirus pandemic has slashed parts of the company’s revenue streams by 70%.
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Bank of Ireland this week issued the first additional tier one (AT1) capital instrument since the start of the coronavirus pandemic, minimising the execution risk by borrowing from the ECM playbook and wall-crossing the deal ahead of launch.
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The European Parliament was on Thursday set to agree a declaration to the European Commission calling for a “massive recovery package”.
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A €1bn block of shares in TeamViewer, the German remote access software company, sold by investment firm Permira, one of its IPO sellers, garnered strong demand from investors on Wednesday evening.
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Ukraine’s politicians have finally passed a banking law that will put the country in line for a support package from the International Monetary Fund.
