Goldman Sachs

China’s BeiGene is eyeing a listing on the Nasdaq, with the drug maker tapping three banks for a $100m IPO.

Markets may have contributed to falls in profits in the investment banking divisions of the US majors that reported third quarter results this week, but there were some silver linings among the clouds, including a year-on-year reduction in legal bills of billions of dollars between them.

After weeks of volatility and fractious executions in Europe's corporate bond markets, BHP Billiton has pulled off the biggest ever corporate hybrid bond sale, proving investors are open to buying even quite challenging deals, if they come with lashings of yield, writes Ross Lancaster.

Senior SSA bankers are fretting that situations such as this week's clash between two Dutch agencies, which drove one of the pair to pull its deal, could become unavoidable, writes Craig McGlashan.

Garfunkelux, the German debt collection company, on Thursday issued £795m of notes in the first sizeable European high yield issue for three weeks. Market participants are now eager to see if other issuers finally follow in its steps.

With pharma firms under intense scrutiny in the US, Concordia Healthcare Corp has dropped a planned $950m bond for its $3.5bn acquisition of Amdipharm Mercury, as the debt financing encountered some resistance from investors. Max Bower reports.

As the primary US banks release earnings for the third quarter there is little sign of panic in options markets despite overwhelmingly negative expectations.

The fourth quarter yielded its first great equity capital markets success this week, as Worldpay, the UK payments processer, completed the largest listing in London since Glencore’s in 2011. Olivier Holmey reports.

SNS Bank raised hopes of more capital issuance when it named leads for a euro denominated tier two transaction on Thursday but the trade may be a tough sell.

SNCF Réseau went to the short end of the curve in a hunt for central banks on Thursday, selling a rare €500m three year note.

Development Bank of Japan sold over half of its second sustainability bond to SRI investors on Wednesday and will continue to monitor the market for future green opportunities, say bankers.

BoC Aviation has notched up a new landmark for Asia by becoming the first issuer from the region to sell an aircraft leasing ABS. Market observers are buoyed by the landmark transaction and hope it will spur similar deals from Asia and particularly China, writes Rev Hui.