Stryker Offers Four Euro Bonds as Global Market Volatility Ebbs

Nov. 27, 2018, 2:31 PM UTC

Stryker Corp. is marketing a four-part euro bond offering after waiting about a week to bring the deal amid market volatility and the U.S. Thanksgiving holiday.

The medical-device maker is offering at least 1.8 billion euros ($2 billion) of notes with maturities ranging from two years to 12 years, according to a person familiar with the matter, who isn’t authorized to speak publicly and asked not to be identified. Barclays Plc, BNP Paribas SA, Goldman Sachs Group Inc. and JPMorgan Chase & Co. are arranging the deal.

Stryker is making its euro-bond debut after spending about $2.6 billion on acquisitions ...

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