Deals of the year 1999: Trend-setting and ground-breaking

In 1999, the European single currency brought with it a flourishing new market in corporate bonds for a range of different quality issuers. The dollar bond market also thrived on a diet of jumbo global offerings. Syndicated loans integrated ever more closely with the capital markets to deliver huge amounts to acquisitive companies. Equity markets saw the first ever pan-European retail deal and the US markets were innovative as ever. Brian Caplen, Antony Currie, Peter Lee, David Shirreff and Marcus Walker profile the deals of 1999.

 Syndicated loans        Mergers and Acquisitions        Equity        US deals of the year

BONDS

Car giant carves its yield curve

Issuer: DaimlerChrysler

Deals: $2 billion 10-year Eurobond, $1.5 billion five-year Eurobond, $1 billion FRN

Date: August 161999

Bookrunners: Credit Suisse First Boston, Salomon Smith Barney

With its $4.5 billion three-tranche financing in August, DaimlerChrysler firmly put itself on the map as a newly merged entity. This was the second-biggest industrial company debt offering of all time.

And it was done at an awkward moment, bang in the middle of the holiday season when Argentina was looking decidedly shaky too.

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