In a fixed-income business in which corporaternCFOs are always pressing to shave a few extra basis points off their interest rates, Therese Esperdy has a difficult message for borrowers: Don't quibble about the cost, just get the deal done. Esperdy, 48, JPMorgan Chase & Co.'s head of global debt capital markets, played a key role in financing Roche Holding's $46.8 billion takeover of the 44 percent of U.S. biotech company Genentech that it didn't already own. Her team at JPMorgan was part of a syndicate of banks that helped underwrite a record $16.5 billion package of notes and bonds in the U.S. The debt was issued in February, when credit markets were beginning to revive after a near total shutdown in late 2008. Given market conditions and the size of the transactions, Esperdy couldn't be sure that the deal would go through.
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