ICI LAUNCHED a $1.25bn Yankee bond this week which was the last major piece of the jigsaw in the financing of its $7.9bn acquisition of the specialty chemicals business of Unilever. The three tranche deal, lead managed by Goldman Sachs, rounds off an extraordinary six weeks of activity from ICI in the international bond markets, during which time it has raised $4.5bn.
September 12, 1997