Goldman Sachs

Shawbrook launched its IPO on Thursday, as the bank races to become the latest challenger bank to float in London, ahead of the Easter holiday break.

Banco Sabadell may issue up to €2.4bn of new capital if it bids for TSB, the UK bank. But the amount may be as little as €1bn, as TSB has spare capital.

Shanghai-listed Fuyao Glass started premarketing its $900m IPO in Hong Kong on Tuesday, March 10, with bankers touting its size and scale as one of the world’s largest manufacturers of automotive glass.

Despite a very strong day for European stocks, with the Euro Stoxx 50 up 2.3%, no equity accelerated bookbuilds have been conducted tonight. The three deals yesterday all appeared to go well.

The starting gun has been fired for the long-awaited quasi-IPO of Finansbank. The National Bank of Greece, which owns almost all the Turkish bank, will sell some of its shares, though the $1bn deal will consist mainly of new capital.

Chinese brokerage GF Securities will have a hearing with the Hong Kong listing committee on Thursday March 12 for its planned IPO of $1.5bn-$2bn, with pre-marketing expected to kick off next week.

Shimao Property Holdings has returned to the dollar market with a $300m tap of its $800m 2022s. As with the original deal, the new trade saw a huge order book and the issuer ended up giving what bankers agreed was the lowest new issue concession from a Chinese property developer in 2015.

Canada is taking indications of interest on a three year dollar benchmark, amid a busy week of SSA issuance in the currency.

Millicom International Cellular has released price guidance for a $500m 10 year non-call five note at 6.25% yield area.

Shanghai-listed Fuyao Glass started premarketing its $900m IPO in Hong Kong on Tuesday, with bankers touting its size and scale as one of the world’s largest manufacturers of automotive glass.

Just one month on from pricing the year’s first bond from a Chinese developer, Shimao Property Holdings has returned to tap its 2022s for up to $300m, encouraged by the bonds strong secondary market trading.

State Bank of India (SBI) is slated to launch a share sale in the week of March 16 that will raise between $2.0bn-$2.5bn, making it the largest ECM transaction to come out of the country since Coal India’s Rp226.13bn ($3.7bn) block deal.