Goldman Sachs

Wereldhave, the Dutch owner of shopping centres, launched on Wednesday evening (June 24) a capital increase by way of an accelerated bookbuild, to raise about €250m for an acquisition. The deal made a good start but was kept open into Thursday.

Europcar, the French car rental company, has narrowed the price range on its €800m initial public offering, in the bottom half of the original range.

Heinz rounded out an impressive debt financing exercise on Wednesday for its merger with Kraft, adding modestly sized euro and sterling bonds to the $10bn seven tranche dollar issue it had done on Tuesday.

Ahold and Delhaize, the Dutch and Belgian food retailers, will not assume new debt for their all-equity merger. But with combined syndicated credit facilities of €1.4bn, there is room for refinancing ahead.

Chinese search engine Baidu raised a jumbo $1.25bn as it jumped into the short window between positive news of Greek debt negotiations and the launch of Bank of China’s mega deal this week. Baidu’s dual tranche offering crossed time zones to draw in investors from Asia, Europe and the US.

Standard Chartered Financial Holding is offloading a 3% stake in China Cinda Asset Management Co that could raise up to HK$1.67bn ($215m), the fourth accelerated share sale in the company this year.

Export-Import Bank of Korea (Kexim) completed its return to dollars in style this week, selling a SEC registered dual tranche deal that drew over $2bn of demand. Amid a high level of volatility due to concerns over Greece, bankers chose a good window for the Korean policy bank, which was able to meet its size and pricing goals.

The bookbuilding phase of CBR Fashion's initial public offering started on Tuesday. The German fashion holding company hopes to raise about €200m of gross proceeds by selling new shares.

Ingenico, the French maker of payment terminals, returned to the convertible bond market on Tuesday after a four year gap, with a highly successful deal that found strong demand and was repriced to better terms outside the original range.

CVC Partners on Tuesday offered a €1bn two tranche bond, which will fund its acquisition of German cosmetics retailer Douglas Holding from Advent International.

Legend Holdings has lived up to its name with its Hong Kong IPO, raising an impressive HK$15.10bn ($2bn) before greenshoe via a deal that saw no price sensitive investors but only those ready to gobble up the Lenovo owner's stock.

A trio of investment grade names launched new deals on Tuesday as Asian bond bankers were bolstered by hopes that Greece's latest budget proposals would stave off a debt default and lead to a deal with creditors later this week. But they believe the market is still volatile and as a result only strong high grade names will be able to get deals done.