CVS is borrowing a near-record $40 billion to bankroll a deal that hasn’t even been approved

CVS Health CEOReuters

  • 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.

CVS Health plans to sell $ 40 billion of bonds in order to finance its massive $ 69 billion acquisition of Aetna.

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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Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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