Banks

Singapore-based internet company Sea has raised $1.35bn after boosting the size of a follow-on offering of American Depository Shares (ADS).

Chinese internet company Ruhnn Holdings is planning to list American Depository Shares (ADS) on the Nasdaq.

Indian energy company ReNew Power sealed a $375m bond sale on Tuesday with the help of a new, direct issuance structure. But although the notes were deemed to be more issuer-friendly than ReNew’s previous transaction, many were left puzzled by the borrower’s complicated approach to offshore fundraising. Morgan Davis reports.

Bank of China paid a visit to the euro bond market on Wednesday, raising €500m through its Paris branch. It was just the latest Chinese financial institution to fund in the currency.

China Yongda Automobiles Services Holdings has tapped the offshore market for first time, for $250m, while Hong Kong’s Chow Tai Fook has launched a HK$6bn ($764m) loan into general syndication after attracting seven banks at the senior level.

Goldman's Richdale joins KKR – JPM hires Wong from BofA – Fubon recruits from ANZ loans – Natixis names head of PB – Deutsche promotes two for sponsors – ABN opens shop in Australia – MSCI backs China A-shares

Heathrow, Europe’s busiest airport, may be facing what could be one of the biggest disruptions in its history, in the shape of Brexit, but its approach to the bond market on Tuesday was smooth. Having roadshowed last week, it glided in on the wave of credit demand and landed this year’s fourth corporate 15 year issue in euros.

BMW issued its first Panda bond on Wednesday, raising Rmb3bn ($447m) in a deal that one of the lead managers hailed as a "milestone” in opening up China’s domestic bond market to foreign issuers.

Two emerging market borrowers familiar to investors returned to the Swiss franc market this week, injecting some geographical diversity into the sector.

Following the retirement of Robin Phillips, HSBC’s new head of global banking is well qualified to meet the challenge that has outlasted his ex-colleague, provided he can get his head around the bank’s unique structure, writes David Rothnie.

Trustpilot, the Danish independent review platform, has completed its series E equity funding round, raising $55m to finance investment in marketing and its technology platform.

French car manufacturer Peugeot has begun marketing a Schuldschein, as market participants are confident in attracting corporates fresh out of results season.