Banks

Credit Suisse has hired Deutsche Bank’s head of corporate broking to bolster its senior UK investment banking team.

Moody’s postponed its decision on whether to upgrade Banca Monte dei Paschi di Siena (MPS) on Thursday, as the ratings agency wants to examine the Italian bank’s forthcoming capital plan first.

Klépierre, the French shopping mall company, has signed a €1.385bn sustainability-linked revolving credit facility, with the coronavirus pandemic-hit borrower pushing out its refinancing needs to March 2024.

US-listed Chinese companies have raised more than $12bn from equity investors in the past month, with iQiyi becoming the latest to simultaneously sell a convertible bond and price a follow-on offering of its American depositary shares. With valuations soaring for many of these stocks, bankers expect more issuers to jump into the market in 2021, writes Jonathan Breen.

Dollar bond sales from India have seen a last minute pick-up before the year-end, with three firms pricing their deals in the past week. Indian companies, like the rest of the region, faced hurdles in accessing offshore funding this year, but bankers are optimistic about 2021. Morgan Davis reports.

Xinyi Solar Holdings has raised HK$3.9bn ($503.1m) after more than doubling the size of an overnight placement of primary shares.

By Jana Hecker, Global Head of Equity Capital Markets, UniCredit

Hungary has no plans to issue wholesale bonds in foreign currency markets next year, having raised more debt than expected in euros and yen in 2020.

Embassy Office Parks Real Estate Investment Trust has has raised Rp36.84bn ($500.9m) from an issue of new stock, according to a source close to the deal.

Citi has hired Peter Kimpel as head of banking, capital markets and advisory (BCMA) for Germany and Austria. He joins from Barclays and was also previously chief financial officer at Rocket Internet.

Kerry Express, a Thailand-based delivery company, has raised Bt8.4bn ($279.5m) after sealing its IPO at the top of the marketed range.

Chinese streaming platform iQiyi has kicked off a combined convertible bond and follow-on offering that could raise around $1.7bn.