Pfizer ups bond sale to $4.5 bln on strong demand

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Pfizer ups bond sale to $4.5 bln on strong demand

Financial Markets News 0

NEW YORK (MarketWatch) — Pfizer Inc. /quotes/zigman/238207/delayed/quotes/nls/pfe PFE[1] +0.34% sold $4.5 billion in corporate bonds Monday as the pharmaceutical company took advantage of low interest rates to refinance a portion of its outstanding debt. Amid strong demand, the firm increased the size of the deal by $250 million. AA-rated Pfizer, which is seeking a $106 billion buyout of AstraZeneca PLC /quotes/zigman/244926/realtime UK:AZN[2] +0.21% , plans to use the proceeds to repay some…



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