3M’s healthcare unit Solventum may tap the investment-grade market in a rare Friday deal after AbbVie priced $15 billion on Thursday, setting up a potential $60 billion week. Elsewhere, hundreds of billions of dollars of cash sitting in money market funds could wash into credit over the next year, according to strategists.
- Average high-grade bond spreads
tightened one basis point to 89, the tightest since November 2021 - After two days of investor outreach, Solventum is contemplating a deal in the context of $7 billion with proceeds earmarked to fund a payment to 3M,
writes Bloomberg’sBrian Smith - Banks including Goldman ...
- Banks including Goldman ...
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