Goldman Sachs

Higher oil prices, a new governing regime and an agreement with the International Monetary Fund are all expected to boost demand for the Republic of Angola’s first Eurobond since 2015, though there is a question mark over how receptive the market will be for long dated debt.

Two Chinese companies have filed draft IPO documents in Hong Kong a day before the bourse rolls out its plans to encourage listings from the new economy sector.

After strong first quarter results and in a receptive high yield market, online streaming service Netflix announced a new $1.5bn 10.5 year senior unsecured bond on Monday to finance new content for the platform, eventually walking away with $1.9bn.

Bookrunners revealed more than €3bn of new speculative grade deals from seven issuers in the European high yield market this week. Coupons are slowly widening in the primary market, but they are still hitting issuers’ pricing targets, said market participants.

The Stars Group has won about $6.9bn of fully committed debt financing from four banks, as the Canadian gaming and online gambling company moves ahead with its debt and equity purchase of Sky Betting and Gaming.

Capita, the UK outsourcing company, launched its £701m ($976.13m) rights issue before the market opened on Monday, in a bid to turn its fortunes around and de-lever its balance sheet.

BOC Aviation, Metallurgical Corporation of China (MCC) and Bumi Serpong Damai were the first out of the gates on Monday morning with their new bond deals, as the Asian debt market prepares for an onslaught of supply.

China Overseas Land & Investment (Coli) raised $1.5bn from a dual-tranche transaction in yet another busy week for Chinese property names, ending a three year absence from the offshore debt market.

After selling €4.6bn of loans in March, Unilever Spreads unveiled the €1bn high yield bond portion of its leveraged buyout funding package on Wednesday. But as well as jumbo deals, other borrowers with smaller offerings are also vying for investor attention.

Weir Group, the UK energy and mining equipment maker, is to acquire US-based industrial component manufacturer Esco Corp, and has raised £363m in gross proceeds, through an accelerated sale of new shares to finance the cash component of the $1.05bn acquisition.

The Republic of Indonesia sealed an opportunistic dual-currency bond on Tuesday, quickly taking advantage of positive sentiment following a ratings upgrade from Moody’s.

China’s Guangzhou R&F Properties Co, the once troubled China Hongqiao Group and a local government-owned entity in Xinjiang all managed to pull off new dollar bonds on Tuesday, albeit with some difficulty.