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Visa Sells $16 Billion of Bonds

Fourth biggest corporate issue of the year raised funds for company's takeover of Visa Europe.

By Aleksandra Gjorgievska and Cordell Eddings, Bloomberg | Updated on December 10, 2015

Visa Inc. raised $16 billion in its first bond sale to finance the payment network’s 21.2 billion euro ($23.3 billion) takeover of Visa Europe Ltd.

The deal is the fourth-largest corporate debt offering this year after Actavis Plc’s $21 billion debt sale to buy Allergan Inc., AT&T Inc.’s $17.5 billion bond offering funding the purchase of DirectTV and AbbVie Inc.’s $16.6 billion financing to buy Pharmacyclics Inc.

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