Goldman Sachs

Three Chinese names are meeting with investors for new bonds. China Oilfield Services (COSL) and HNA Capital have mandated banks for dollar offerings, while Capital Juda has opted for offshore renminbi (CNH) on its first international outing.

Beijing Infrastructure Investment started receiving bids for a four year euro-denominated bond on July 20, the second time it is tapping the currency this year.

A big provision for mortgage litigation dented Goldman Sachs’s second quarter results, but strong M&A activity lifted investment banking revenues in a lacklustre quarter for underwriting.

Though Bank of America remains by far the most fined bank in history, in the second quarter results for the US banks, it was Goldman that felt the heat, sucking up a $1.45bn provision for mortgage litigation and regulatory matters.

Altice accelerated the deadline on its refinancing exercise this week, bringing forward the deadline for commitments to just three days after the deal was launched.

The European Stability Mechanism has sent out a request for proposals for a euro benchmark — and could ape the European Union, which brought a five year on Wednesday, said public sector bankers.

SoftBank Group on Wednesday began roadshowing for euro and dollar bonds, even though the European high yield market has been at a standstill for two weeks while Greece negotiated its third bailout.

Jumbo transactions from Japanese banks are nothing new when it comes to the international debt market although Sumitomo Mitsui Banking Corp (SMBC) did surprise some by opting to pay up with a $3bn four tranche offering on July 14.

Korea National Oil Corp (KNOC) has announced a series of investor meetings in Asia, Europe and US as it gears up for the first offshore bond of 2015.

Altice is back in the European loan market, but for once not with an extravagant M&A financing. This month, Patrick Drahi’s telecoms group is seeking to refinance debt under its revolving credit facilities.

CVC Capital Partners took another swift step towards its exit of Evonik Industries on Monday night, pouncing after the German chemical company’s shares had hit an all time high to sell a block of shares for €519m, in a deal that was increased.

CVC stepped into the market on Monday evening after a strong day for European stocks to sell another chunk of Evonik Industries, the German chemicals company it floated in 2013.