Goldman Sachs

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.

Two block trades have been launched in Europe this evening (Monday March 21), in shares of Iren, the Italian multi-utility group, and IMCD, the Dutch speciality chemicals distribution company. While IMCD has been the subject of three previous block trades, there have been none in Iren, according to Dealogic.

Gategroup, the airline food services company, has increased the size of a revolving credit facility after an amendment operation, giving the company greater financial headroom.

Ball Corp, the US metal packaging manufacturer, has signed $4.15bn of debt facilities backing its $6.4bn acquisition of Rexam, the UK can manufacturer.

Indian real estate company DLF is planning to sell a shopping mall as part of its goal to set up a real estate investment trust (Reit), according to a filing with India’s Bombay and National stock exchanges.

Indonesian developer Grahamas Adisentosa is seeking a long-term loan of $1.458bn to fund the construction of a 111-storey building in Jakarta.

Indian cancer care company HealthCare Global Enterprises had seen a slow response to its Rp6.5bn ($97.5m) IPO heading towards the end of bookbuilding on Friday with only 84% of the deal subscribed.

TCC Group subsidiary Berli Jucker Public Co has signed up nine lenders for a €3.2bn ($3.5bn) portion of a larger loan to support its acquisition of retailer Big C Supercenter.

Chinese e-commerce group Alibaba is understood to have seen a good turnout for a roadshow held on Thursday for its $3bn syndicated loan. Bankers reckon the pricing and the potential use of proceeds contributed to the appeal.

Landesbank Hessen-Thüringen Girozentrale (Helaba) and WL Bank met contrasting outcomes for their euro denominated German Pfandbriefe issued this week.

GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.

Chinese regional commercial lenders Bank of Tianjin and China Zheshang Bank are looking to raise a combined HK$23.1bn ($3.0bn) through listings in Hong Kong, with both issuers leaning heavily on cornerstone investors.