Goldman Sachs

China Jinmao Holdings Group returned to the market on Thursday with a tap to a bond it sold in June, hoping to reach its regulatory cap of $500m.

Cromwell European Real Estate Investment Trust was set to begin investor education for a potential S$1.6bn ($1.2bn) Singapore IPO this week, according to a source close to the deal.

When the mighty fall, or at least stumble, everyone enjoys putting the boot in. So it is with Goldman Sachs, when the bank reported a second straight quarter of underperforming its peers in the FICC business.

Credit Suisse’s decision to ban trading in certain Venezuelan bonds is understandable, but ultimately raises more questions than it answers.

Goldman Sachs has appointed a new head of investment banking in Saudi Arabia, after receiving approval from the country's Capital Markets Authority to trade equities there on Sunday.

On Tuesday LafargeHolcim became the first issuer for nearly two weeks to launch a corporate bond in Europe. The €750m 12 year deal received strong demand, which may lead other issuers to bring forward their plans.

The euro market for public sector borrowers appears to be fully reopening after the summer break, with a pair of issuers bringing mandates in very different tenors. Both trades are likely to benefit from the lack of supply over the last few weeks, said bankers.

European corporate bond market participants are expecting supply to start again after the UK bank holiday on August 28. Kimberly-Clark was the first issuer into the pipeline when it announced a European roadshow on Monday morning.

Goldman Sachs opened the Swiss market in the middle of the summer holidays on Thursday, selling the largest US financial Swiss franc bond in the last two years — a consequence, bankers said, of clever timing from a respected name.

Amazon dominated US corporate bond issuance this week, but aside from the online retailer’s $16bn jumbo deal, there was over $8bn of paper from five other issuers. However, bankers believe this will be the last week of material supply before the annual two week break in the US market.

Chinese live streaming platform YY tapped the US market this week with a block sale of American Depositary Shares (ADS), capitalising on a surging stock price. Bankers are preparing for a raft of similar block sales — as well as a growing list of US IPOs from Chinese companies. Jonathan Breen and John Loh report.

Bajaj Finance has set its sights on a Rp45bn ($703m) capital increase as in-demand Indian FIG issuers line up to tap equity investors.