Goldman Sachs

The IPO of TeamViewer, the German software company, is proving popular with investors. The books are covered throughout the price range, after less than a day of bookbuilding.

Mexican oil company Pemex is set to “defend its ratings” with an imminent new issue, bond exchange and buy-back to be partially funded by a capital injection from the government.

Goldman Sachs and Citi have announced a dual currency eight year secured €1.5bn bond for Altice France, hoping to take advantage of low absolute rates to cut borrowing costs and extend its debt maturities. The bond-only deal follows Salt’s successful refinancing and dividend deal, which saw bonds come in appreciably cheaper than loans.

Mexican state-owned oil giant Pemex emphatically showed it has access to capital markets on Thursday as it received more than $35bn of orders on the way to a $7.5bn trade that could grow as existing bondholders participate in an exchange.

In the nervous last day before the European Central Bank's much-hyped monetary policy announcement on Thursday, only two corporate bond issuers brought deals. Both Orange, the French telecoms group, and Worldline, the French payments group carved out of Atos.

IHS, the Nigerian telecom towers group, hit screens on Wednesday for a dual tranche bond. It received strong demand and the leads were able to tighten the spread and add an extra $300m to the longer tranche.

Investment grade corporate bond issuance has slowed right down on Wednesday, as issuers and investors are getting cautious before the European Central Bank monetary policy meeting on Thursday.

Chinese issuers Country Garden Holdings Co, Guangxi Communications Investment Group Corp and Shuifa Group, all of which have investment-grade ratings, have sold well-supported dollar bonds to investors.

Swedish credit management company Intrum this week completed a €850m issue of new senior notes, pricing at 3% and increasing the size of the offering from the initial €750m. UK-based gambling giant International Game Technology also dipped into the “most issuer-friendly market ever” with €500m bond.

The sustainability-linked bond issued by Enel on Thursday opens a new chapter in the green finance market. Anyone tempted to think this will be a freak should think again. The idea is sure to catch on.

KfW won huge praise from on-looking bankers for a curve extending and rare 10 year dollar green bond on Tuesday. The Inter-American Development Bank (IADB) and Österreichische Kontrollbank (OeKB) also enjoyed success in the dollar primary market with three year trades, with the former selling its debut Sofr-linked floating rate note.

IHS, a telecoms provider based in Nigeria, hit screens on Tuesday for a dual tranche bond. The proceeds will go to finance a tender offer of the issuer’s outstanding paper.