Goldman Sachs

The Trade & Development Bank of Mongolia (TDBM) made a return to international markets on Thursday and while Mongolia’s fundamentals look worrying, bankers still expect the trade to perform well. The sovereign is also expected to make an appearance this year.

DBS Group, the holding company of Singapore’s DBS Bank, returned to the dollar market on Wednesday with a surprise $1.25bn dual trancher. Although the issuer had launched with only a five year fixed rate bond, it added a five year floater during execution after healthy investor appetite.

Sumitomo Mitsui Banking Corporation (SMBC) is looking to make its sixth dollar denominated public issue of the year. And as with its blowout $3bn deal from January, the Japanese bank is seeking a four tranche bond.

Krungthai Bank (KTB) issued Thailand’s first ever dollar denominated Basel III instrument on Thursday June 19. Despite the country's political turmoil in the background, KTB’s bond was met with a strong response from investors. As a result, the issuer increased the size of the bond to accommodate the demand.

Krungthai Bank (KTB) issued Thailand’s first ever dollar denominated Basel III instrument on Thursday. Despite the political turmoil in the background, KTB’s bond was met with a strong response from investors. As a result, the issuer had upsized its bond to accommodate the demand.

Abertis Infraestructuras, the motorways, airports and broadcasting infrastructure group, on Tuesday became the second Spanish company to take advantage of the recent rally in peripheral spreads by issuing a corporate bond.

Sinopec Group Overseas Development reopened three of the five tranches from its record breaking $5bn April 2 issue. The borrower is making a Reg S only tap of the three year fixed, three year floating and 10 year fixed bonds.

The Republic of Korea returned to the euro market for the first time in eight years on Tuesday, pricing a $2bn equivalent dual tranche trade that included a dollar leg. Bringing its first ever 30 year bond, the sovereign was able to create one of the flattest dollar curves of its peer group. But having been away from euros for so long, it was prepared to leave some money on the table for that tranche if needed, writes Isabella Zhong.

Baidu priced its third issue in the dollar market on Wednesday, a $1bn five year bond. The Chinese search engine operator again targeted US investors with the SEC registered notes — and the strategy paid off.

The Republic of Korea returned to the euro market for the first time in eight years on Tuesday pricing a dual tranche trade that also included a dollar leg. Out with its first ever 30 year bond, the sovereign was able to create one of the flattest dollar curves among its peers. However, it was happy to leave some money on the table for the euro tranche having been away for so long.

Chinese search engine operator Baidu returned to the dollar market on Wednesday with an SEC registered five year bond.

China Overseas Land and Investment (COLI) has joined the caravan of Chinese property developers taking advantage of improving sentiment towards the sector by reopening a dual tranche bond. The tap of the five and 10 year bonds comes just one month after the original deal priced.