Goldman Sachs

Samsung SDS has priced its W1.2tr ($1.1bn) IPO at the top of the range with books heavily oversubscribed at close. The success of the trade has paved the way for the next big South Korean listing — that of Cheil Industries, which said on October 31 that it is looking to raise W1.52tr.

Investors have successfully pushed pricing wider on three leveraged loan deals that are closing this week, with RAC, a well liked credit, the latest to flex for investors.

The US investment grade corporate bond market barely blinked this week when the US Federal Reserve called time on quantitative easing. Companies hit the market ahead of what is expected to be a bumper November for new issuance.

The highlight deal of the week in Europe’s corporate bond market was Hutchison Whampoa’s €1.5bn seven year issue on Tuesday — part of a bigger deal that also involved three and 10 year dollar bonds totalling $3.5bn.

Arrow Group, the UK consumer debt management firm, has closed the book on its €220m high yield bond and priced the floating rate notes within guidance.

The shareholders offloading some of their stakes in Indonesia’s Link Net raised Rph5.5tr ($455m) on October 24 via a deal that saw a big chunk of the book go to cornerstones and the top 10 investors. Despite the presence of a strong set of cornerstones, the final deal size was truncated by more than 30% due to poor investor sentiment.

Hutchison Whampoa showed off its impeccable access to bond markets, rewriting the record books and selling $5.4bn worth of dollar and euro bonds on October 28 in what is the largest corporate offshore deal to come out of Asia ex-Japan.

Hutchison Whampoa showed off its impeccable access to bond markets today by selling dollar and euro bonds in the same day, and raising $5.4bn with heavily oversubscribed books.

UK consumer debt management firm Arrow Group is supporting its acquisition offer for rival Capquest with a €220m bond, beginning its roadshow today.

Evraz North America is roadshowing a $500m five year non-call 2.5 year US high yield bond. The deal is being arranged by Citi and Goldman Sachs.

Hong Kong giant Hutchison Whampoa is tapping the offshore market only for the first time this year and is looking to issue in both US dollars as well as euro via two separate deals.

The shareholders offloading some of their stakes in Indonesia’s Link Net raised Rph5.5tr ($455m) on Friday night via a deal that saw a big chunk of the book go to cornerstones and the top 10 investors.