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2 weeks ago | 
news.bloomberglaw.com | Hannah Benjamin-Cook
Visa Inc. is following the lead of Alphabet Inc. and Fiserv Inc., tapping the euro market with a multi-tranche bond sale as more US blue chip companies turn to Europe for funding. The electronic payments firm is offering notes due in three, eight, 12 and 19 years from which it is expected to raise at least €2 billion ($2.28 billion), according to a person with knowledge of the sale, who asked not to be identified.
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2 weeks ago | 
bloomberg.com | Josyana Joshua |Hannah Benjamin-Cook
Have a confidential tip for our reporters? Before it’s here, it’s on the
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2 weeks ago | 
ca.finance.yahoo.com | Josyana Joshua |Hannah Benjamin-Cook
(Bloomberg) -- Companies are looking to sell the most high-grade bonds in one day since March, with 15 corporations including Alphabet Inc. preparing blue-chip note sales on Monday, a sign that debt markets are stabilizing after the turmoil brought by tariff announcements early this month.
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2 weeks ago | 
bloomberg.com | Josyana Joshua |Hannah Benjamin-Cook
Google's Bay View campus in Mountain View, California, US, on Wednesday, May 1, 2024. Alphabet Inc. Chief Executive Officer Sundar Pichai says artificial intelligence has been a key focus of the Google parent since 2016, back when ChatGPT-maker OpenAI was in its infancy. Photographer: David Paul Morris/Bloomberg(Bloomberg) -- Companies including Alphabet Inc.
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1 month ago | 
news.bloomberglaw.com | Ronan Martin |Hannah Benjamin-Cook
UK lender Metro Bank Holdings Plc has pulled in over £1.3 billion of investor bids for its first public bond transaction since its debt was restructured in 2023. The issuer, which offers various financial services in the UK, initially said it wanted to raise £200 million ($259 million) of Additional Tier 1 at about 14.5% according to a person with knowledge of the sale, who asked not to be identified as the information is private.
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2 months ago | 
news.bloomberglaw.com | Hannah Benjamin-Cook |Esteban Duarte
Credit Agricole Assurances SA raised €750 million ($819 million) from a debut sale of Restricted Tier 1 notes, with investors bidding for more than three times the debt on offer. Restricted Tier 1, which is the insurance market’s equivalent of Additional Tier 1 bonds sold by banks, typically carry a chunkier yield given their risky nature.
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2 months ago | 
news.bloomberglaw.com | Hannah Benjamin-Cook
Credit Agricole Assurances SA is tapping the riskier part of Europe’s debt market as it opens books on a debut sale of notes that typically offer investors a chunkier yield. The issuer is selling a euro benchmark-sized sale of Restricted Tier 1 note, which is the insurance market’s equivalent of Additional Tier 1 bonds sold by banks.
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2 months ago | 
bloomberg.com | Hannah Benjamin-Cook
Manchester Airport is lining up a debut sale of euro bonds in what will be its first debt deal away from its domestic currency. The borrower is holding investor calls from today for the sale of euro 10-year, senior secured notes with an expected €500 million size, according to a person with knowledge of the sale, who asked not to be identified as the information is private.
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2 months ago | 
news.bloombergtax.com | Ethan Steinberg |Hannah Benjamin-Cook |Caleb Mutua
Johnson & Johnson sold $5 billion of high-grade corporate bonds Tuesday to help fund its acquisition of Intra-Cellular Therapies Inc., part of the market’s second-busiest day this year. The drug and medical-devices maker sold dollar-denominated notes in five parts, according to a person familiar with the matter who asked not to be identified as the details are private.
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2 months ago | 
news.bloomberglaw.com | Ethan Steinberg |Brian Smith |Hannah Benjamin-Cook
Johnson & Johnson plans to sell high-grade corporate bonds on Tuesday to help fund its roughly $14.6 billion acquisition of Intra-Cellular Therapies Inc., according to a person familiar with the matter. The drug and medical-devices maker plans a dollar-denominated sale in as many as five parts. The longest portion, a 10-year note, may yield in the area of 0.7 percentage point above Treasuries, said the person, who asked not to be identified as the details are private.
