Goldman Sachs

Tokmanni, Finland’s largest general discount retailer, announced on Tuesday its intention to float on Nasdaq Helsinki during the second quarter, selling both new and existing shares.

ArcelorMittal’s $3.015bn rights issue, as part of its $4bn debt cutting plan, was completed oversubscribed, the steelmaker said on Monday, despite the gloomy outlook for the European steel industry.

The Asia DCM market opened to a slew of issuance on Tuesday with Singapore duo Olam International and PSA International, Korea National Oil Corp and Japanese lender Mizuho Financial Group looking to tie up their respective dollar transactions.

Technogym, the Italian company that is one of the world’s leading makers of gym equipment, launched an IPO on Monday, on the same day that its private equity backer Arle Capital also set out to float Parques Reunidos in Spain (see Syndicated Loans section).

Daimler’s funding radar turned swiftly from the Eurodollar market to sterling bonds this week, as it raised £300m ($430.9m) on Thursday.

Ireland used a private placement to sell its first ever 100 year note, the country’s National Treasury Management Agency said on Wednesday.

Daimler kept issuance to the Eurodollar market apace on Wednesday with a $400m four year bond that took deal flow this year to three times last year's total.

Issuers have nipped into the euro market after Easter with some canny deals. Meanwhile the dollar market was watching US Federal Reserve chairperson, Janet Yellen, who on Tuesday said that the possibility of further rate hikes was “not a plan set in stone”.

The Japan Finance Organisation for Municipalities picked banks on Tuesday for a forthcoming dollar deal, while bankers said that the dollar market is likely to shrug off any announcements from a speech by the US Federal Reserve chair later on Tuesday.

Mongolian Mining Corp (MMC) has failed to pay banks instalments and interest related to loans it raised in 2014, according to a filing with the Hong Kong Stock Exchange.

Two equity block trades or rapid sales were completed successfully in Europe on Monday night.

Will euros or dollars dominate SSA bond issuance in the second quarter? Debate over the direction of primary markets broke out this week with issuers scheming arbitrage trades in euros, while others believe the dollars will win out. Craig McGlashan reports.