Credit Suisse

A dearth of triple-B rated issuance in Swiss francs this year helped drive demand for a new long five year deal from Goldman Sachs on Tuesday.

Ireland-based King Digital Entertainment, the makers of Candy Crush Saga, is set to raise $500m from a US IPO launched on Tuesday. The deal is likely to frustrate UK government and stock exchange officials that have been seeking to persuade tech firms to list in Britain.

ING followed Swedbank into the tier two market on Tuesday, printing a tight €1.5bn 12 year non-call seven deal as tier two debt stole the limelight from senior unsecured for the first time this year.

Sberbank has released price guidance of 5.625% for a 10 year non call five subordinated deal that bankers away from the deal are calling a “fair” level. But market participants on and off the deal say that the clarification of point of non-viability language has made little difference to the pricing of the bond.

Goldman Sachs is set to sell its first Swiss franc deal in more than a year on Tuesday afternoon, having opted for a five year maturity. The issuer's rarity should ensure demand despite a tight price, according to bankers away from the deal.

Rumours of potential additional tier one issuance from Nordic banks continued on Monday as Swedbank tapped demand for subordinated paper among yield-hungry fixed income investors to replace maturing tier two debt.

Credit Suisse’s new lean European corporate finance model is working. But now it must strike a balance between investing in the business and keeping an eye on costs, writes David Rothnie.

Paul Calello liked few things better than a good sing-along. Whether it was a karaoke party in Hong Kong or one of his annual jamming sessions with friends at his country retreat at Beaverkill, New York State, there he would be, with his guitar more often than not, the life and soul. An ever-gracious host, if you had a good time, he had a good time.