Goldman Sachs

Private equity firm TPG named Jon Winkelried co-chief executive, alongside TPG co-founder and chief executive Jim Coulter.

In a rare move, China International Capital Corp (CICC) has named all 11 banks working on its HK$6.29bn ($811.61m) high-profile Hong Kong IPO as joint global co-ordinators. But instead of sparking a turf war among its syndicate, the move has won praise from bankers on the trade. John Loh reports.

China Huarong Asset Management pulled off a HK$17.83bn ($2.30bn) IPO on October 22, pricing one of Hong Kong’s largest listings this year just a few cents off the bottom of the initial range. But the price tag ignited debate about whether the issuer was pushing its luck.

Japan Post Holdings has priced its IPO at the top of the range to raise ¥693bn ($5.78bn), as the country’s government finds big success with its simultaneous triple listing.

SNS Bank sold €500m of tier two debt on Thursday, making a convincing return to capital issuance having been expropriated by the Dutch government in 2013.

Deezer, the French music streaming website, has abandoned its IPO, after the bookbuild closed yesterday without a covered message.

Two SSAs tapped the middle of the euro curve on Wednesday, a move about to be copied by another agency which is set to bring a five year deal on Thursday.

Banks outside the bulge bracket are pushing to be allowed more influence and information in high yield bond syndications, which have traditionally been tightly controlled by the top banks. Victor Jimenez reports.

Equiniti Group, the UK share registrar and pension administration group, made a disappointing debut on the London Stock Exchange on Tuesday (October 27). Its shares fell 8.5%, after being priced at the bottom of their IPO range.

Hapag-Lloyd, the German container shipping firm, is still hoping to complete its $410m IPO, but has extended the bookbuild by a week in the hope of gathering enough demand. The deal was shrunk before the start of the bookbuild.

Republic of Cyprus completed a rare combined syndication and switch offer on Tuesday with 40% of the new issue going to existing bond holders.

Iren, the newly rated Northern Italian utilities company, sailed through another day of low issuance on Monday, drawing in a €3.4bn order book for its €500m bond.