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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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This week's funding scorecard looks at the progress European sovereigns have made in their funding programmes at the start of May. -
The Republic of Peru has approved a further $4bn of debt issuance to finance coronavirus spending just two weeks after tapping bond markets for $3bn.
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Norwegian Air Shuttle is close to receiving vital loan guarantees from Norway, as shareholders voted through a near $1bn-equivalent debt to equity swap from bondholders and aircraft lessors.
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Some banks in the eurozone tightened their lending standards in the first quarter of 2020 as the coronavirus pandemic spread across the globe, even as loan demand surged, according to a European Central Bank survey that provides the first systematic evidence on the subject.
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Three out of four bondholder groups have voted in favour of Norwegian Air Shuttle’s rescue package, but the deal is stuck on the plans for the issuer's euro secured notes, which only won a 62% approval rate — below the two-thirds majority needed.
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Unédic, the French agency responsible for providing the country's unemployed with social benefits, has had to ramp up its borrowing programme for 2021, thanks to the impact of the coronavirus pandemic.
