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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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Argentine sovereign bonds rallied for a third consecutive day on Tuesday amid expectations that the Paris Club group of official creditors will show leniency over a looming $2.4bn payment. But some in the market saw more value in the country's provincial bonds, and the Province of Buenos Aires hinted after the close that it is edging closer to agreement with its bondholders after more than a year in default. -
Leveraged loan investors that took a punt on Carnival’s rescue financing last year are set for a huge payout, as the cruise operator looks to reprice its term loan Bs.
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Ethiopia has been hit with another downgrade by Moody’s, as a lack of clarity over its request to use the G20 Common Framework for debt restructuring clouds its market prospects. The outlook for sub-Saharan African financing remains rocky, as criticisms linger over the funding on offer.
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Nomura’s Asia ex-Japan healthcare investment banking head, Vijay Karwal, has left the firm after a three year stint to join a biopharmaceutical company.
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The Province of Buenos Aires extended the participation of its restructuring offer for the 16th time this week, but bondholders denied the province's claim that they had requested the extension.
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IAG, the parent of British Airways and Iberia, has become the latest airline company to tap the convertible bond market for financing during the pandemic, as it continues to burn vast amounts of cash amid a slow recovery in global travel.
