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M&A could be much needed shot in the arm but dollars expected to dominate
Deal includes $1bn 3.75 year term loan
The German pharmaceutical wholesaler was upgraded to BBB- by S&P last month
US drug company Eli Lilly jolted the dollar market awake on Wednesday with an eight-part jumbo trade to fund two recent acquisitions
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Last minute issuance will be focused on safe-haven products -
Although some companies may issue bonds next week, there are already banker predictions of a barren December
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Bankers say two issuers were ready to open books on Thursday but decided against it
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Predictions range from zero premium for the highest grade credits to 75bp for high beta hybrids
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Outlooks have been challenged by a white swan event
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Head European credit strategist says ECB unlikely to be blown off course by Omicron
