Goldman Sachs

A £340m seven year term loan ‘B’ for Sky Bet is trading up in the secondary market, despite investor pushback during its syndication.

The Italian state sold a 5.74% stake in power company Enel through a €2.2bn block trade over Wednesday night. It was very punchily underwritten and the leads were left long, but said they were happy.

OVS, the Italian clothing retailer, on Wednesday night priced and allocated its €414m Milan IPO, after a slight delay, giving it a valuation of about €931m.

Springer Science, the German science publisher, has launched a €600m-equivalent acquisition loan and booked a bank meeting for Tuesday next week in London.

Goldman Sachs is set to list the longest tenor Formosa bond on March 3. The Rmb525m ($84m) 12 year deal, which had a formal pricing date of February 3 but was conducted with very little fanfare and has only just come to the attention of market participants, is also notable for being a zero coupon issue.

Hong Kong Broadband Network (HKBN) got off to a flying start on Tuesday, February 24, when it opened books for its HK$5.80bn ($747.72m) listing, setting the stage for what looks to be the city’s largest IPO to price so far this year.

Real estate developer Country Garden Holdings is looking to become the first out of Asia ex-Japan issuer to tap the debt market following the end of the Chinese New Year holidays, opening books to a five year non call three transaction on February 26.

Priceline, the online discount travel booking group, and electronics company TE Connectivity issued bonds totalling €1.55bn on Tuesday, continuing a run of euro issues by US firms.

The £340m loan for Sky Bet is trading up in the secondary market, despite investor pushback during its syndication.

Hong Kong Broadband Network (HKBN) got off to a flying start on Tuesday when it opened the books to its HK$5.80bn ($747.72m) listing, setting the stage for what looks to be the city’s largest IPO to price so far this year.

Wizz Air, the Hungarian budget airline, is set to close the books for its IPO on Monday night, having revised the price range today – and may refine pricing again on Tuesday.

Priceline Group, the US online discount travel booking service, has hired Deutsche Bank and Goldman Sachs to arrange investor calls in preparation for a second euro bond.