Free Trial

Johnson & Johnson: New Issue Fair Value Estimate

CREDIT SUPPLY

Johnson & Johnson (JNJ Aaa/AAA): New Issue Fair Value


  • 8yr IPT +65; FV +32
  • 12yr IPT +80; FV +43
  • 20yr IPT +110; FV +67 (3.39% = Bunds +72)
JNJ recently issued $4bn in the dollar market to finance $13bn Shockwave acquisition. This is the second leg of their financing. M&A related deals sometimes see some value left on the table to get the deal done. Novo Nordisk is also M&A related today.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.