What was the initial market reaction to the $22 billion payment processing deal?
First Data Bonds Soar on Junk Exit

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5 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
No change in First Data bonds
A fall in Fiserv stocks
A rise in First Data bonds
A decline in First Data bonds
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was a significant financial aspect of First Data before the deal?
It was a new company
It had over $17 billion in debt
It was debt-free
It had no debt
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is expected to happen to First Data's debt after the deal?
It will be written off
It will be refinanced as investment grade
It will remain as junk
It will double
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How did the bond prices react to the announcement of the deal?
They plummeted
They remained stable
They decreased slightly
They surged to high levels
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What potential impact does the deal have on the US high yield bond market?
It has no impact
It could be a negative sign
It will cause instability
It could be a positive sign
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