CABLE & WIRELESS Communications (CWC) rounded off its international capital raising blitz this week with a blow-out $1.8bn three tranche offering, the largest ever Yankee bond from a G7 corporate. The deal, swiftly following its successful £500m two tranche deal last week, was originally intended to total $1bn. But lead managers HSBC and Merrill Lynch upped the deal after being swamped with more than $4.5bn of orders.
March 06, 1998