Citi

Unédic

Credit Suisse has added two teams of 11 banks to the underwriting syndicate for its Sfr4.7bn rights issue, after announcing Citigroup, HSBC and Société Générale as the lead underwriters last week.

Beijing-based boutique investment bank, China Renaissance, has launched a new division to advise companies looking to raise funds in China’s onshore capital markets, expanding the firm’s services to include both its home and overseas markets.

Polska Grupa Energetyczna, the Polish state-owned power company, has signed Z2bn (€467m) of loans with the European Investment Bank, following a Z5.5bn(€1.3bn) syndicated loan.

Sri Lanka had to pay up to get its second dollar bond of the year across the line this week, but the money left on the table was more than worth it as the sovereign ended up raising $1.5bn, a record for the country.

China Huarong Asset Management pulled off a HK$17.83bn ($2.30bn) IPO on October 22, pricing one of Hong Kong’s largest listings this year just a few cents off the bottom of the initial range. But the price tag ignited debate about whether the issuer was pushing its luck.

Xinyi Solar raised a smaller-than-expected HK$543.5m ($70.1m) from a top-up placement on October 26, shrinking the deal by about 45%. Despite the transaction being slashed, sources were adamant the company found a good window to raise equity.

Lebanon was the only CEEMEA name to step into the market post US Federal Reserve meeting on Thursday. Debt bankers involved in the triple tranche trade said domestic demand would cushion the transaction against any broader bearishness.

Russian steel company TMK has launched a tender offer for its 2018s through Citi and JP Morgan.

Primary bond activity in Asia picked up again on Thursday following the end of the meeting of the Federal Open Market Committee (FOMC), with a pair of Chinese issuers launching separate deals in dollars and euros.

Deezer, the French music streaming website, has abandoned its IPO, after the bookbuild closed yesterday without a covered message.

Two SSAs tapped the middle of the euro curve on Wednesday, a move about to be copied by another agency which is set to bring a five year deal on Thursday.