Newsclip®: [Business] Dell launches $20 billion high-grade bond | TODAYonline

"NEW YORK (IFR) - Dell launched a US$20bn investment-grade bond on Tuesday, upsizing the trade on the back of a massive order book as it finances its acquisition of data storage company EMC. Investors had poured around US$87bn of orders into the deal by late morning, one banker said, giving a hearty reception to one of the largest corporate bonds ever brought to market. The strong book allowed the computer giant to ratchet in pricing dramatically throughout the bookbuilding process and launch the trade at much tighter levels than first whispered.",

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