Goldman Sachs

Norway’s DNB Bank has increased what is only its second MTN in Hong Kong dollars, returning a day after it placed the original note.

China Reinsurance is slated to start gauging demand for its $2bn Hong Kong IPO on October 5, with books set to open a week later, according to a banker working on the transaction.

The leads on HM Sampoerna’s Rph20.8tr ($1.4bn) follow-on have told investors that the trade is covered across the price range, after the Indonesian unit of Philip Morris International attracted a slew of long-only investors.

Hapag-Lloyd announced on Monday its intention to float in Frankfurt, as it finally launched a deal which had been in the pipeline for a very long time.

Chinese developer Soho China has announced plans to buy back its existing bonds, a month after Moody’s and Standard & Poor’s each downgraded it by one notch.

Municipality Finance brought a taste of bank finance to the public sector this week setting a few records along the way.

Several public sector borrowers are tipped to come into a reopened dollar market next week — but some SSA bankers warned that conditions are still not at full strength.

The European high yield market appeared to have woken up this week with three roadshows and €900m on offer — but only one borrower has printed, and investors have now little hope of an unequivocal improvement any time soon.

Municipality Finance scored a series of firsts on Thursday with an instrument that is typically the preserve of the bank market — setting a path that leads on the deal believe others could follow.

Weichai Power sold its debut offering this week in the first deal under new Chinese rules for offshore bond issuance. Despite the changes to the guidelines, market watchers reckon the impact on the DCM market will be minimal.

NRW.Bank has priced a benchmark at the tight end of guidance in the busiest dollar SSA market in several weeks — one that could still host a few more deals.

Arrow Global, the UK distressed debt buyer and manager, on Wednesday issued a €110m tap of its €225m floating rate high yield bond, to support business purchases in the UK and Portugal.