Banks

Chinese clinical-stage company Gracell Biotechnologies has kicked off the roadshow for its Nasdaq listing, eyeing up to $158.9m in proceeds.

Hong Kong’s block market surged back to life on Monday night with a flurry of share sales worth a total of HK$14.19bn ($1.83bn).

Chinese property borrowers reopened Asia’s primary dollar bond market on Monday, with four issuers raising nearly $2bn between them following solid demand from investors.

Far East Horizon, a Hong Kong-listed leasing company, has made a quick return to the loan market for a $1bn-equivalent three year borrowing, less than five months after sealing a larger facility.

Banco Santander has become the 14th primary dealer in the domestic Colombian government bond market, said the finance ministry, representing the first expansion of the sovereign’s market makers since 2016.

Nigeria’s Bank of Industry, which is majority state-owned, has raised a $1bn syndicated loan in one of the rare sparks of emerging market loan activity over the last 12 months. After a disappointing year, bankers are longing for a return to pre-Covid issuance volumes.

BMW set Europe's investment grade corporate bond market off to a flying start for the year on Monday, printing €1.5bn of debt at or inside fair value. A range of borrowers are said to be lining up trades in the German vehicle maker's slipstream.

Wessex Water, the Malaysian-owned UK utility, will become the first corporate borrower to hit the sterling bond market since the transition period for Brexit ended. Bankers expect a strong reception.

Vincenzo de Falco has joined Credit Suisse as a member of a recently formed function that seeks to serve privately-owned companies and high-net-worth clients with investment banking products.

The European Investment Bank made a blazing start on Monday in tackling its 2021 borrowing programme, hitting the Australian dollar and sterling markets on Monday, and lining up a dollar deal for Tuesday.

The European Investment Bank became the first borrower to tap the sterling market in 2021 on Monday, while KfW is set to follow on Tuesday. While the opening deal went well, the issuers had to contend with some sharp volatility.

Public sector borrowers wasted no time in getting back to business in the euro market in 2021 with one live deal and four mandates all hitting screens on Monday as issuers look to take advantage of an almost full trading week and a supportive market to make a dent in their brand new funding programmes.