Goldman Sachs

SNS Bank named leads for a euro denominated tier two transaction on Thursday. The trade may be a tough sell, bankers thought, but brought some hope for future capital supply.

China Huarong Asset Management launched its HK$19.6bn ($2.52bn) IPO on Thursday, with the deal off to a good start thanks to cornerstone investors.

Development Bank of Japan has made its second visit to the SRI bond market with a €300m sustainability bond on Wednesday.

Equiniti Group announced on Wednesday the price range of its initial public offering on London’s main market, which would give it a market capitalisation of £495m to £600m.

China Reinsurance’s HK$15.6bn ($2.01bn) listing in Hong Kong is multiple times covered, with the leads on the deal telling investors that pricing is expected in the upper half of guidance.

Mizuho Financial Group has returned to the dollar bond market with a bank capital trade that priced alongside a triple-tranche senior offering. Despite launching on a day crowded with other transactions, the issuer’s safe haven status allowed it to find success.

Worldpay, the UK payment processing company, floated for £2.16bn on Tuesday, in the largest initial public offering in London since Glencore’s in 2011, and the fifth largest in Europe since the financial crisis.

Royal Bank of Canada launched a €1bn three year floater on Tuesday, adding a euro trade to its recent activity in dollars and sterling before it enters a blackout period in November.

The euro FIG market may lose the business of some US banks in the looming results reporting season, because it can’t compete with the depth of demand on offer in dollars.

Mizuho Financial Group and Mitsubishi UFJ Trust and Banking (MUTB) are out in the dollar bond market, releasing guidance for their respective offerings on Tuesday.

Private equity firm Permira is merging German debt collector Garfunkelux, which it acquired in July, with British peer Lowell Group — a deal that could play the ‘market opener’ role bankers and investors have awaited since September.

Chinese developer Soho China has extended the offer period to buy back its existing bonds by a week, after noteholders tendered just 36% of the company’s 2022s.