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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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Volkswagen Financial Services has said it will inject cash into its ABS transactions where borrowers have been granted payment holidays, aiming to top up the deals to protect investors from the decline in likely residual values. -
Hertz, Avis and Europcar are all facing the same problem. Nobody is travelling, and so nobody is renting cars. Vast airport car parks full of ready-to-go rental cars stand idle, and cash flows at all three companies have stopped almost dead. But they have fared very differently — from near-bankruptcy to leaning hard on government.
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Italy this week began the slow process of reopening its economy after months of strict lockdown. The country's equity bankers are busy preparing new deals, including IPOs, writes Sam Kerr.
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Governments must balance the risks to their public finances’ sustainability and a backlash from markets against the benefits of embarking on a major investment programme once the threat of the coronavirus retreats, the International Monetary Fund has warned.
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New issue premiums evaporated in the high grade corporate bond market on Wednesday, with multiple issuers printing well through their curve as the world begins to emerge from pandemic lockdown.
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National Express has become the latest London-listed company to tap equity investors for emergency funding, with a £235m capital raising.
