Pfizer's $31 Billion Bond Sale Among Largest Ever, Funds Seagen Acquisition.
Originally Published 2 years ago — by Investopedia
Pfizer plans to raise $31 billion in a debt sale to fund its $43 billion acquisition of Seagen, which is expected to be completed by early 2024. The sale will rank among the largest individual corporate bond sales in US history, marking the largest US corporate debt offering in five years. Despite concerns from investors and uncertainties surrounding the deal, the sale highlights a resurgence in the US corporate bond market after a weak April.