Goldman Sachs

A flurry of activity in the market for socially responsible investments shows no sign of letting up, with two borrowers set to make their debut next week and two more waiting in the wings.

Shares in BioPharma Credit, the UK closed end investment fund focused on the debt of life sciences companies, closed 2.9% above their IPO price on Thursday when they started trading in London on Thursday after the company finished its $762m IPO.

Athens-listed Motor Oil Hellas Corinth Refineries sold a sub-benchmark size note on Thursday, the second Greek corporate deal in the euro high yield market so far this year.

Gates Global, the US power transmission belt maker, rescheduled commitments for a euro term loan add-on to Thursday, after increasing it by nearly €200m from around €275m. The move came in a week when JP Morgan analysts and others voiced concern about risks in the leveraged finance market.

ICBC Financial Leasing Co brought home $2bn from its latest dual tranche deal on Wednesday, hitting its regulatory cap and meeting its pricing goals.

Issuers from Greater China are dominating the dollar debt market, as they vie for investor attention on Thursday alongside a couple of south and southeast Asian names.

Chatter about the 'Trump Dump' as investors lose confidence in US economic stimulus may be intensifying, but it has not produced the equity correction predicted, and capital markets in Europe are ploughing ahead, unfazed by the UK's triggering of Article 50 on Wednesday.

Industrial and Commercial Bank of China is back in the market with a dual tranche deal carrying three and five tenors, set to be issued through the firm's leasing arm.

Nordic Capital and Avista Capital Partners on Tuesday night completed the first block trade in ConvaTec, the UK wound care and catheters company, since its blockbuster £1.6bn IPO in October. The deal was increased by 25%, to fetch £975m.

Patheon, the US pharmaceutical contract manufacturing firm, held a lender call on Monday for a repricing of its €465m cov-lite term loan, as did fellow US company Platform Specialty Products for its own €575m term loan.

Guotai Junan Securities Co has hit the road with its HK$16.5bn ($2.1bn) IPO, set to be the largest listing in Hong Kong since Postal Savings Bank of China’s mammoth HK$58bn float last year.

UK luxury sports car maker Aston Martin will hit the road for a senior secured deal in sterling and dollars on Friday to repay bonds coming due next year.