Goldman Sachs

A European agency outlined size expectations on Wednesday for an inaugural visit to the additional tier one (AT1) market, after mandating for the deal earlier in the day.

Technicolor, the French media company, has raised a €375m five year incremental term loan maturing, which is due to be syndicated in the coming days.

Etihad Airways printed its innovative $500m structured bond on Wednesday. It pulled in pricing from guidance but opted for the lower end of the $500m-$750m size range the company was targeting.

When Glencore announced plans to raise $2.5bn of equity, all options were open, but one always looked the most likely: an overnight accelerated bookbuild.

Industrial and Commercial Bank of China (ICBC) took the bond market by storm this week, printing a $2bn Basel III tier two offering, the first Chinese bank capital trade since May. Despite coming during a week dominated by speculation about the Federal Reserve’s decision on interest rates, ICBC still managed to meet its price and size targets, offering just a small new issue premium.

Houston Huang Guobin, a former Goldman Sachs coverage banker, has decamped to JP Morgan to take up the position of head of global investment banking for China.

Hastings Group Holdings, the UK car insurance company, announced on Tuesday its plan to float on the London Stock Exchange, issuing about £180m of new shares. The deal will also include a secondary component.

A pair of European supranationals are set to pick up size at the long end of the curve this week, after European Stability Mechanism hired banks for its second benchmark in two weeks.

Angola has updated the mandate for its debut public Eurobond again, including a different European bank this time around.

Industrial and Commercial Bank of China (ICBC) opened books on Tuesday for a dollar tier two offering, taking advantage of the last issuance window before this week’s Federal Reserve meeting. The issuer is replicating the bullet structure used by Bank of China in its 2014 offering, a deal which saw a blowout response.

The International Swaps and Derivatives Association is likely to have to change its licensing practices as a result of a $1.9bn credit default swaps price fixing settlement by banks, according to a source familiar with the case.

Brait, the South African private equity firm listed in Luxembourg and Johannesburg, issued a £350m convertible bond on Friday September 11. A banker at one of the leads said the deal, a true credit instrument, was very unusual for a company of this kind.