Goldman Sachs

Hong Kong’s Nord Anglia Education, listed on the New York Stock Exchange, priced its follow-on offering on June 10 at a tight discount of less than 1% and upsized the deal to raise $170m, after receiving a stellar response from investors.

Universal Medical Services & Health Management Company began gauging demand on June 12 for its $500m IPO in Hong Kong, which is seeing strong interest from investors looking to become cornerstones.

Red Star Macalline Group Corp, more popularly known as the Ikea of China, launched on June 12 its IPO in Hong Kong that could raise up to HK$7.22bn ($931.30m). The trade is already covered, after cornerstone investors signed up for a third of the book.

Borrowers in the sovereign, supranational and agency sector could find their funding plans rocked by whipsawing government bond yields for months to come.

Skandinaviska Enskilda Banken (SEB) and Swedish Covered Bond Corp (SCBC) issued covered bonds of almost identical credit standing this week, but with very different outcomes.

Shares and rights of the two Italian banks going through recapitalisation rights issues made big moves again on Thursday, but bankers believe the deals for Banca Monte dei Paschi di Siena and Banca Carige will still succeed.

The inflation linked market for eurozone governments showed itself to be resilient in the face of volatility in conventional bonds this week — boding well for one potential new entrant.

Two equity accelerated bookbuilds were conducted in Europe on Tuesday evening. One was a private equity selldown of Thule – but more unusually, Capgemini raised €500m for an acquisition, at a 2.9% discount.

CBR Fashion Holding, a holding company for two German womenswear brands, will seek to raise €200m by selling new shares in an initial public offering.

Dollar borrowers were forced to pay up to access the market amid continuing market volatility as they raced to take advantage of attractive funding costs ahead of the looming Fed meeting.

Euro high yield investors on Thursday had more than €1.8bn of bonds to consider and two more tranches in euros whose final sizes were yet to be set — New Look, the UK fashion retailer, being at the forefront with the largest offering.

Europe's investment grade corporate bond pipeline swelled even more on Thursday, though the primary market stayed silent, as HJ Heinz announced a roadshow to prepare funding for its merger with Kraft.