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Medtronic set to price biggest #TheWalkingDead corporate bond deal of year | | By Danielle Robinson NEW YORK, Dec 1 (IFR) - Medical device maker Medtronic has pulled in guidance on a jumbo acquisition finance bond by 10-20bp, after receiving at least US$45bn of orders, according to investors. Market participants expect the deal to be about US$15bn-US$16bn, which would cover the cash portion of the financing for Medtronic's US$42.9bn acquisition of Covidien in the UK. That would make it the biggest investment-grade corporate bond issue of the year, trumping App |
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