United States
-
Bayer, the German life sciences company, has clinched an agreement with the board of Monsanto to buy the US company for an enterprise value of $66bn, to be financed with one of the largest rights issues in history. -
On Wednesday, Bayer said that five banks have agreed to provide the hefty bridge loan for its $66bn acquisition of US agrochemicals specialist, Monsanto. But the $57bn deal is not yet being syndicated, according to one of Bayer’s relationship banks.
-
US coatings maker Axalta on Tuesday sold a €450m bond to redeem its 2021 euro notes, a month after it redeemed its 2021 dollars, cutting its coupon by 200bp.
-
A jumbo bond intended to refinance the debt of merged companies Quintiles and IMS on Wednesday added to a deluge of high yield issuance, with the market seeing €4bn of new bonds by Thursday.
-
The US Commodity Trading Futures Commission's split over whether to accept Japan's uncleared margin rules as equivalent to the US was not an ideal outcome. But the decision, however contentious, is a pragmatic step which will motivate further convergence between regulatory regimes.
-
trueEX, the interest rate swap trading platform, has added BNP Paribas as a market maker, taking its pool of global derivatives dealers to 21.
-
US car rental group Hertz on Monday opened a two day roadshow for euros to refinance part of the debt of its European division and fund its operations.
-
FIG borrowers looking to return to the capital markets may have to pay a little more for funding this week, as market participants tread carefully around the possibility of the US Federal Reserve raising rates in September.
-
Icap has promoted a senior official to run its EBS BrokerTec fixed income electronic trading division.
-
-
truePTS, a post-trade service provider for derivatives processing, has unveiled truePTS Counterparty Manager, a counterparty data management solution developed in partnership with LEI Smart.
-
Yankee banks plundered the dollar market as the high-grade sector got off to a blistering start following the Labor Day holiday.
