Goldman Sachs

The expected wave of merger and acquisition financings broke on the US corporate bond market this week, as Roche and Sysco made triumphant returns while Suntory Holdings issued its first US bond.

Virgin Media, the UK cable television, broadband and mobile phone company, substantially reduced the cost of its debt on Tuesday, as it priced $500m and £300m of senior unsecured notes.

Expectations of low supply in the remaining part of the year and a hunger for yield benefited FIG issuers this week. Barclays, Credit Suisse, Goldman Sachs and Morgan Stanley all received strong receptions for new senior prints.

After slipping in the first two days of this week, Alibaba Group’s shares rebounded on Wednesday to close at $90.57 per share. While this is up 3.9% on the previous day, it is still 2% lower than where the Chinese e-commerce company's stock opened on its debut on the New York Stock Exchange last week to become the largest IPO in the US.

Just a month after netting close to $400m by selling some of its stake in Indonesian retailer Matahari Department Store, CVC Capital Partners is back in the equity capital markets — this time aiming to raise $500m-$1bn by offloading a chunk Indonesian media company Link Net.

Goldman Sachs and Barclays added to a strong week for senior supply on Thursday, selling 10 and long seven year notes respectively. An expected lack of supply in the coming months coupled with an appetite for longer dated paper encouraged high investor demand for both prints.

Will Smiley, former co-head of ECM syndicate for Asia Pacific ex Japan at Goldman Sachs, has relocated to the bank’s London office.

China Longyuan Power Group raised $500m with a three year paper that was issued by subsidiary Hero Asia Investment on Wednesday. Earlier this month the state owned borrower received approval to start preliminary work on two large wind farm projects in China’s Guangxi province.

Virgin Media, the UK cable television, broadband and mobile phone company, substantially reduced the cost of its debt on Tuesday, as it priced $500m and £300m of senior unsecured notes.

Just a month after netting close to $400m by selling some of its stake in Indonesian retailer Matahari Department Store, CVC Capital Partners is back in the equity capital markets — this time aiming to raise close to $1bn by offloading some of media company Link Net.

Virgin Media, the UK cable television, broadband and mobile phone company, plans to issue its first senior unsecured bond for two years, with a dual currency deal of £600m.

Will Smiley, former co-head of ECM syndicate for Asia Pacific ex Japan at Goldman Sachs, has relocated to the bank’s London office.