Goldman Sachs

Metro Bank, the UK challenger bank, started trading on the London Stock Exchange on Monday morning, having raised £400m privately rather than from a public offering of shares.

Bank Nederlandse Gemeenten is this week set to be only the second issuer in 2016 to attempt a 10 year dollar benchmark, while a trio of other SSAs are also entering a dollar market bouncing from strong US jobs data on March 4.

Bank of China has filed an application to list its aircraft lessor in Hong Kong in a deal that could raise as much as $2bn.

Citi has hired two executives in equity derivatives from Goldman Sachs.

Union Medical Healthcare is due to close books on its HK$951m ($122m) IPO in Hong Kong on Friday evening, with pricing expected over the weekend, according to a source close to the transaction.

Telefonica’s €600m equity-neutral convertible bond, launched and priced on Wednesday, proved controversial and had to be restructured mid-sale, highlighting the discomfort many investors feel with some of the currently fashionable CB structures.

Goldman Sachs sold a Skr2.4bn ($281m) block of B shares in Loomis on Wednesday. The Swedish cash handling firm took a serious hit in trading the next day.

IBM exited its entire position in Chinese tech firm Lenovo this week, raising HK$1.17bn ($150m) via a block sale. It was able to offload the stock at the top end of guidance after a flood of demand from Asian hedge funds.

Telefonica sold on Wednesday what a lead banker said was the firm’s first equity-neutral convertible bond, for €600m, continuing a recent trend for such structures.

The Eurodollar corporate bond market, in limbo for more than a year, coughed back into life today as Nestlé, its stalwart issuer, returned after a long absence for a modestly sized issue.

IBM is looking to offload its entire shareholding in Chinese tech firm Lenovo, launching a HK$1.16bn ($150m) block on Wednesday evening.

A $460m refinancing for Tata Power subsidiary Bhira Investments has opened into syndication with seven banks at the helm.