Banks

Aabar Investments has pocketed MR932.4m ($229.4m) after selling down its remaining position in Malaysia’s RHB Bank, according to a source close to the deal.

The negative new issue premiums, falling spreads and high demand for fresh debt seen in the European high grade corporate bond market this month should mean strong borrowing conditions for the new year. But a reduction in capex spending could mean that dealflow might end up disappointing in the early months of the year.

Gaurav Arora has joined Credit Suisse to work in its emerging markets sales team.

The European Banking Authority has warned the market to expect a sharp deterioration in asset quality next year, after publishing a wealth of new information on provisioning practices.

AstraZeneca, the UK pharmaceuticals company, has lined up $17.5bn of bridge loans from three banks to back its $39bn acquisition of US biotech firm Alexion.

Bank of America will become a primary dealer for the Netherlands' government bond market next year, but ING has quit, as part of its strategy of scaling back its dealerships to relieve pressure on its financial markets business.

Small appliance retailer Vesync has bagged HK$1.55bn ($200m) from its Hong Kong IPO, pricing the deal at the top of the guidance range.

Asia-based Impact Investment Exchange (IIX) has raised $27.7m from a women's livelihood bond that was linked to the Covid-19 pandemic. Its chief executive and founder explains the deal’s rationale to GlobalCapital Asia.

Neel Laungani has rejoined Credit Suisse in a senior position in the Asia Pacific investment banking and capital markets (IBCM) team.

HSBC's investment banking coverage team in Hong Kong will begin 2021 with some personnel changes.

Chinese healthcare technology company Yidu Tech is set to begin drumming up demand for its Hong Kong IPO after winning listing approval from the city’s bourse.

Ukraine, which has proven itself a favourite of emerging market investors this year, has slipped into international markets for a small dollar tap before year-end. The trade comes amid strained negotiations between Ukraine and the IMF over the disbursement of emergency funding.