- CVS announced plans to sell $ 40 billion of bonds in order to finance its $ 69 billion acquisition of Aetna.
- The offering, which will be the third-biggest on record, is being done now because CVS wants to avoid the higher interest rates expected later in 2018.
The sale marks the biggest corporate debt financing in more than two years, and the third-largest in history. And it comes at a tough time for the investment-grade fixed-income market, which is off to its worst start to a year in decades.See the rest of the story at Business Insider
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