Banks

Chinese financial technology platform Futu Holdings has raised $1.24bn from a follow-on offering of its American depository shares (ADS). The issuer was able to navigate volatile markets thanks to support from a large global fund.

Kaisa Group Holdings paid a new issue concession of about 10bp for a $200m tap of one of its existing deals, appealing to investors amid recent pressure on Chinese bonds in the secondary market.

Goldman Sachs has picked a new co-head for its investment banking division in China, according to an internal memo.

Taiwan Semiconductor Manufacturing Company (TSMC) rolled out a triple-tranche dollar deal on Tuesday, raising $3.5bn just a few months after sealing a similar transaction.

Natixis has made a handful of hires to its global markets team in Asia Pacific, to support its corporate and investment banking business in the region.

Korea Hydro & Nuclear Power, a subsidiary of Korea Electric Power Corp, has printed a $500m bond after getting five times the demand at the peak of bookbuilding.

The controlling shareholder of Anta Sports Products has offloaded some of its stake through a HK$11.57bn ($1.49bn) block trade, capitalising on recent gains in the sportswear company’s stock.

New Zealand will be an important test case for mandatory reporting on climate risks. Financial firms everywhere would be wise to sit up and take notice.

FedEx, the US delivery company, picked Europe to print its debut sustainability bond on Tuesday, as the region’s green and environmental, social and governance debt market is “years ahead” of the US.

Yorkshire Water priced a £350m bond inside fair value on Tuesday, shrugging off allegations that it had failed to properly report dumping waste water, although a few investors did raise the subject during marketing.

The European Union coasts through its €4.75bn 15 year transaction under its European Financial Stabilisation Mechanism programme on Tuesday.

Russian steelmaker Metalloinvest has secured a $350m credit line from international lenders. Metalloinvest is the second Russian corporate to tap international lenders since fresh sanctions were announced against Russia by the United States.