Goldman Sachs

Mexico IT infrastructure company SixSigma Networks Mexico (Kio) will spend this week meeting bond investors ahead of a potential debut international bond issue.

Rhiag, the Italian car parts distributor, has priced a €50m tap of its €215m 2020 bond at par.

Arrow Group, the UK consumer debt management firm, has offered to buy its rival Capquest from Towerbrook Capital Partners for £158m in a deal that will use a Goldman Sachs bridge loan.

Chinese broker Citic Securities Company tapped the offshore market with a dollar bond on October 23 that was drawn from a $3bn MTN programme. Even though it coincided with a slew of other transactions, the issuer still managed to get a good result, pricing through its closest comparable.

The shareholders selling some of their holdings in Indonesia’s Link Net have cut the size of their trade by 32% to Rph5.5tr ($460m), after volatile market conditions dampened investor appetite.

US pharmacy chain Walgreens is set to launch a three day roadshow on Wednesday October 29 for a potential debut bond in euros, sterling, or both.

China’s eHi Car Services has started pre-marketing its $100m US IPO just weeks after filing a preliminary prospectus with the Securities and Exchange Commission.

Dai-ichi Life is the latest Asian insurance company to tap the dollar market and has opened guidance on a new perpetual bond. It follows hard on the heels of Korean Re, which priced its debut bond on October 14.

Three issuers, two of them US banks fresh from earnings releases, announced deals to a buoyant euro denominated senior unsecured market on Wednesday.

Gloomy prospects for global growth may have caused severe bout of volatility in the past week, but Colombia emphatically demonstrated the silver lining that the Treasury has provided borrowers. The sovereign tapped its 10 and 30 year benchmarks for $500m each on Tuesday as part of a pre-funding exercise during what the country’s debt management head described as a “spectacular” window for new issuance.

The European Stability Mechanism took a novel approach to the sale of its shortest dated bond to date on Tuesday, printing a two year deal with what is understood to be the first ever 0% coupon on a benchmark from a supranational or agency. Agence Française de Développement is set to mimic the ESM’s tenor on Wednesday, after mandating banks for a long two year on Tuesday afternoon.

Samsung SDS opened books for its W1.2tr ($1.1bn) IPO on October 20 in what is likely to become the biggest listing in South Korea since 2010. The macro environment presents numerous challenges, with the deal launching at a time when the Korea Stock Exchange Kospi Index has slipped by 3.1% since the start of the month. But if early signs are anything to go by, Samsung SDS is likely to escape unscathed by volatile markets.