Goldman Sachs

Delta Lloyd, which last week won a shareholder vote to execute a rights issue despite public criticism of the deal from some of its investors, on Wednesday released details of the trade.

The UK mid-market for investment banking is facing another round of consolidation after regulatory pressures and a faltering IPO market have wrought havoc on the sector, writes David Rothnie.

SNCF Réseau became the second SSA issuer of the week to target the long end of the euro curve, printing a €500m May 2037 on Wednesday.

Investors continued to pour money into the US corporate bond market this week as March's rally in high grade bonds turned the market positive for the year.

HealthCare Global Enterprises (HGC) has raised Rp6.5bn ($97.5m) after pricing its IPO in India at the top of the range, with foreign investors taking home the bulk of the shares.

A pair of Chinese regional lenders, China Zheshang Bank and Bank of Tianjin, have created a stir in the market, pricing the year’s two largest IPOs globally. The firms raised a combined HK$20.4bn ($2.6bn) and pushed Hong Kong’s stock exchange to the top spot for primary market volume so far in 2016.

Several large banks active in European ECM breathed a sigh of relief this week, as they completed the tortuous IPO of German wind turbine marker Senvion — one of only a few listings on offer in the quiet lead-up to Easter.

A trio of issuers in euros joined the sole dollar SSA benchmark deal this week in a flurry of pre-holiday activity, with a banker away from the this week's action remarking that the terrorist attacks in Belgium were likely to have a limited effect on SSA deals.

India’s HealthCare Global Enterprises has raised Rp6.5bn ($97.5m) after pricing its IPO at the top end of guidance, with foreign investors snagging the largest chunk of the trade.

Oil products storage and distribution firm Puma Energy has invited banks to join a $500m loan that will refinance a one year revolver that matures this May.

China Zheshang Bank has net HK$13bn ($1.7bn) after wrapping up the world’s largest IPO so far in 2016, but had to price low to stay in line with investor interest.

After a decade in which they’ve suffered dismal profits, multiple IPO suspensions and a near-disastrous crash in A-shares, China’s foreign-backed securities houses are finally seeing the fruits of their labour. Now a pair of banks, including HSBC, are joining the fray with a new type of joint venture, setting the stage for another industry shake up. John Loh reports.