Becton Dickinson coasts through summer primary

摘要

US medical technology manufacturer BECTON DICKINSON AND COMPANY brushed off any concerns that a less liquid summer market would hamper a large-scale multi-tranche transaction, placing four euro benchmarks at minimal concessions last Tuesday. The second week of August is an unusual time for a corporate to attempt to bring a €2.7bn deal, given some investors may not be around, but Volkswagen Financial Services demonstrated the previous week that there were still plenty at their desks. Nonetheless, bankers acknowledged that it is not an easy time of year to land such a trade.