Speaker
Sri Natarajan
6 bits across the podcasts they've appeared on
Despite the rock-bottom rate, the massive $75 billion capital raise will still generate roughly a $500 million fee pool for the underwriting banks.
The large group of institutions is necessary to reach diverse global investor segments, including international retail and sovereign wealth funds.
The transaction took Wall Street by surprise and represents one of the largest single-company capital raises in stock market history.