Banks

Trip.com Group has launched bookbuilding for its HK$10.5bn ($1.35bn) secondary listing in Hong Kong, testing investor appetite amid growing pains for the pandemic-hampered travel industry and as the performance of recent IPO debuts in the city fizzles.

Redco Properties Group raised $220m on Wednesday from its first sustainability bond.

Singapore’s United Overseas Bank sold its debut sustainability bond on Wednesday, raising $1.5bn and notching a number of other firsts with its deal. Morgan Davis reports.

Iqbal Nasim, head of financial institutions at ICBC (London), will leave the bank in the middle of April to set up a desk at a smaller Asian lender.

Europe’s high grade corporate bond market was populated with well rated issuers on Wednesday, as triple-B borrowers took a cautious approach and stayed away after the Easter weekend.

Christian Meissner, who only joined Credit Suisse in the autumn, could be about to help steer it through its moment of crisis, writes David Rothnie.

Dutch internet company Prosus is looking to pocket up to HK$114.17bn ($14.67bn) from an accelerated sale of shares in Tencent Holdings.

Portugal began the price discovery process for its new 10 year syndicated bond on Wednesday close to fair value in an effort to give as much clarity to investors as possible on the final level, according to lead managers.

FastBall Holdings, an investor consortium led by KKR, has offloaded a portion of the stake in Flutter Entertainment it received in December as part of the Irish gaming conglomerate’s buyout of FanDuel Group, the US fantasy sports company.

Macquarie Bank ended a seven year absence from the sterling market on Wednesday morning, having postponed its comeback transaction a week earlier.

Romania this week returned to the international debt markets to issue euro-denominated bonds.

Synlab, the German laboratory diagnostic services company, has announced its intention to float on the Frankfurt Stock Exchange.