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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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Belgian pharmaceutical company has made three acquisitions this year -
United Utilities and Edenred came far through fair value
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Investment-grade corporates ramp up dollar issuance after blackouts end
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United Utilities, Edenred and Kraft Heinz follow pair of jumbos
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Both trades get covered in about 10 minutes
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J&J’s rare 30 year tranche grows to €1bn
