THE $2BN EUROBOND issue for Formula One, the company that promotes international motor racing, is nearing its climax. Amid a storm of press speculation about threats to the deal from EU competition authorities, lead manager Morgan Stanley Dean Witter is finalising plans to launch the bond, and adopting tactics that show just how high the stakes are. At the end of last week the bookrunner invited Deutsche Bank, Merrill Lynch, Salomon Smith Barney and Warburg Dillon Read to participate as co-leads, offering them each $100m of bonds.
November 20, 1998