Goldman Sachs
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A third equity banker has left the senior ranks of Goldman Sachs to join HSBC in Hong Kong, following Chito Jeyarajah’s recent exit from the US bulge bracket firm.
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Nasdaq-listed YY launched a share sale on Monday that could raise around $463m based on its latest price.
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Trinseo, a US manufacturer of plastics, latex binders and synthetic rubber, opened investor calls on Monday for a new unsecured bond, as it plans to repay all of its bonds due in 2022.
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The US market is expected to dominate corporate bond issuance this week. The final new deals before Wall Street all but shuts down for its annual two week break could feature one large deal, while pricing may be affected by the ongoing war of words between the US and North Korea.
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Chinese biopharmaceutical company Zai Lab has appointed a pair of firms to lead its US listing, as a host of other Mainland companies also prepare to float across the Pacific.
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Bajaj Finance has mandated Goldman Sachs, JM Financial and Kotak Mahindra Capital for a Rp45bn ($703m) primary capital raise, a banker on the deal said.
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Nasdaq-listed Chinese biopharmaceutical firm BeiGene has bagged $175m from a follow-on public offering of American Depositary Shares (ADSs).
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State-owned insurer New India Assurance Co (NIA) has submitted a draft prospectus for its IPO, which could be worth up to Rp75bn ($1.2bn), according to a banker working on the deal.
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The US investment grade corporate bond enjoyed a huge week of issuance as nine borrowers printed deals on Monday before British American Tobacco delivered $17.25bn on its own on Tuesday and plenty more came on Wednesday and Thursday. Bankers predict another heavy week to follow before supply slows for the traditional summer break.
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US electric car firm Tesla was roadshowing a $1.5bn eight year debut bond offering this week. The company can do no wrong in many observers’ eyes, although stripped back documentation is likely to deter at least some investors from the deal.
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Equity-linked banker exits Goldman — BAML hires in DCM syndicate — ANZ loses debt director — SMBC adds to loans team — Ex-UBS banker heads to Citic CLSA
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Country Garden Holdings Co hit the market on Wednesday to add $100m to its existing $600m 4.75% notes sold in July, through a quick deal buoyed by reverse enquiry.