Goldman Sachs

Shimao Property Holdings is looking to be the first high yield property name from China to tap the offshore bond market this year, opening books to a 7 non call 4 dollar transaction on February 3. And many market participants are keeping a close eye on the deal as they see it as a benchmark for a sector that is still reeling from its first offshore bond default.

Grand Titan Capital Holdings has raised Ps9.85bn ($223m) from divesting some of its stake in Philippine conglomerate GT Capital Holdings in a block trade on Tuesday, February 2. Despite pricing at a tight discount against the backdrop of a recent share price rally, investors flocked to the transaction as they put their trust in the company and the country’s strong growth story.

Chinese technology giant Tencent is set to talk with US investors on conference calls this week after picking three banks for a possible bond.

Hurtigruten, the Norwegian cruise operator, sold a €455m bond through Silk Bidco on January 30, to fund private equity firm TDR's acquisition of a larger stake in the business.

Cerba European Lab, the clinical pathology laboratory company, raised €230m on January 30 by tapping its 7% 2020 bond and issuing a new note, which even attracted investors new to the high yield market.

India played host to one of its largest ever ECM transactions last Friday when Coal India completed a Rp226.13bn ($3.68bn) divestment of the government’s stake in a deal that has been two years in the making. Bankers lauded the trade and believe it will keep the momentum going for several more share sales to hit the market before India ends its fiscal year in March.

Grand Titan Capital Holdings is shedding some of its stake in Philippine conglomerate GT Capital Holdings in a block trade that could raise as much as Ps10bn ($225m).

Standard Bank has closed a sale of 60% of its markets business to Industrial and Commercial Bank of China, a deal which the bank will use to further “the group’s growth strategy in South Africa, and across the African continent.”

Shenzhen-listed brokerage GF Securities may begin investor education for a $2bn IPO in Hong Kong in mid-March at the earliest.

Altice on January 30 achieved a successful sale for its €4.8bn-equivalent bond package backing its takeover of Portugal Telecom.

China State Shipbuilding Corp is set to be the latest Asian issuer to tap the European bond market, after mandating banks for a debut which will be backed by a standby letter of credit (SBLC) from Bank of China.

The Modi administration launched its up to Rp226.13bn ($3.68bn) offer for sale of shares in Coal India on Friday, a mammoth trade which could be one of India’s biggest yet.