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M&A Fuelled Issuance to Continue

CREDIT SUPPLY

Following 3 mega deals from Bristol ($13b), AbbVie ($15b) & Cisco ($13,5b) - all to fund acquisitions -Bloomberg still sees "at least $276 billion of pending M&A activity that could be financed in the US investment-grade debt market". It's also seen a 77% yoy jump (to $72.5b) in Euro area M&A activity.

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