Goldman Sachs

Dutch supermarket operator Ahold Delhaize is becoming a frequent issuer, as it sold a dual tranche deal this week, six months after its return to the market from a five year absence.

UK media company WPP sold a dual tranche bond this week, following its own recent trend for issuing shorter tenors with its most recent euro issues.

Books closed on the IPO of Siemens Healthineers, the healthcare technology division of Siemens, on Thursday lunchtime, with the base deal valued at €3.65bn and the company at €28bn.

Swiss luxury goods company Richemont made its debut in the corporate bond market on Thursday with a jumbo triple tranche offering. And Goldman Sachs leapt in the league tables by solely running the €3.75bn deal.

Goldman Sachs was offering investors a large new issue premium in exchange for 10 year euro funding on Thursday, as trading levels suffered under the weight of recent primary market supply.

China-based GreenTree Hospitality Group has kicked off bookbuilding for an up to $349.2m IPO on the New York Stock Exchange, according to a filing with the US market regulator.

The botched succession to the chief executive seat is un-Goldmanlike, and the firm must provide more clarity if it is to stay focused on its expansion plans and not cede the initiative to its rivals, writes David Rothnie.

Saudi property developer Dar Al Arkan has tightened price guidance for its sukuk, with books for the deal hitting $1.1bn.

The IPO of Siemens Healthineers, the healthcare technology division of Siemens, is covered throughout its revised price range, according to a banker involved in the transaction.

The contest over who will succeed Lloyd Blankfein as Goldman Sachs boss has ended, with David Solomon the victor. Both Solomon, and Harvey Schwartz, who will be resigning from the firm, shared their thoughts about themselves, and the markets, in podcasts last year — and GlobalCapital picked over the highlights.

After a reasonable wait, investors are starting to see the more frequent investment grade corporate bond issuers return to the market. On Tuesday, French materials company Saint-Gobain and French telecoms operator Orange sold benchmark deals and UK media company WPP sold a dual-tranche issue.

Dar Al Arkan has released initial price guidance for its dollar benchmark sukuk.