Investors went piling into Andeavor’s bond deal on Thursday, pushing final order books to US$8bn for the US$1bn two-part trade.
Becton Dickinson caught most market participants by surprise as it announced its multi-billion acquisition of CR Bard. For carefully managing investor expectations in the face of a downgrade to junk while successfully tapping the loan, bond and equity markets, Becton Dickinson is IFR’s Corporate Issuer of the Year.
In a year when it felt like the US high-grade corporate market couldn’t get any hotter and every bond issue flew off the shelf, one bank stood out by customising solutions for issuers that appealed to investors too. Morgan Stanley is IFR’s North America Investment-Grade Corporate Bond House of the Year.