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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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Bank facility joins bonds in euros and Swiss francs -
At €805m, IPO is largest in Europe this year
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◆ Pair of deals follow long gap ◆ Eurofins multiple times subscribed despite small size ◆ Stronger market brings riskier deals
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TAG Immobilien issues convertible bond
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Five-part Matterhorn is biggest ever Swissie from a US corporate
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Block in Azelis was five times oversubscribed and increased
