Goldman Sachs

US banks coming out of earnings blackouts provided all the fare in FIG this week, and deals flew to investors who have seen almost no paper since mid-June.

Shares in Kion Group, the world's second largest maker of forklift trucks, traded up more than 5% on Tuesday after it completed a 10% capital increase to partly finance its acquisition of Dematic, a Luxembourg-based firm specialising in automation and supply chain optimisation.

The UK’s largest dental company Mydentist on Thursday launched a £425m bond to refinance all of its debt, becoming the first high yield sterling deal since the country voted to leave the European Union.

US banks, which opened second quarter reporting this week and last, said Brexit had driven ‘new peaks’ in volumes at trading divisions, with signs of market share gains for the US houses as well.

US packaging firm Coveris is hoping to join a rush of transatlantic issuance, as it marketed a $350m dollar and euro denominated loan over a lender call on Wednesday.

New Zealand-based packaging firm Reynolds Group has priced its $2.25bn loan package at the tight end of guidance, following what one investor called a "crazy" syndication phase.

US banks coming out of earnings blackouts have provided all the fare in FIG so far this week, and the trend continued Wednesday as Goldman Sachs and Bank of America hit the euro senior unsecured markets. And though primary market activity is subdued, those deals that are coming are ballooning with pent-up demand.

The public sector bond market is enjoying its third busy week in a row, as issuers of a varying credit quality took advantage of enviable conditions to win big books and tight pricing on a kaleidoscope of deals.

NRW.Bank will bring a no-grow $1bn three year dollar benchmark on Wednesday, after African Development Bank and Rentenbank on Tuesday comfortably raised dollars in longer tenors.

Softbank, the Japanese technology and telecoms group, has taken a ¥1tr ($9.5bn) loan for its £24bn acquisition of Arm Holdings, the UK firm which designs mobile phone chips. The loan could be syndicated to non-Japanese banks if the refinancing strategy requires it, said one senior banker.

CVC-owned German cosmetics retailer Douglas has launched a repricing request for its €1.22bn cov-lite term loan ‘B’, holding an investor call on Tuesday afternoon.

A pair of public sector borrowers on Monday hit screens with mandates earlier in the day than usual, which bankers suggested was due to a desire to get ahead of other possible issuers.