Credit Suisse

ESR Cayman has raised HK$12.6bn ($1.6bn) from its Hong Kong IPO after pricing the deal at the mid-point of guidance and exercising the greenshoe in full, according to a source familiar with the matter.

Small appliance maker JS Global Lifestyle Co has shelved its potential HK$3.62bn ($462.2m) Hong Kong listing after a week of bookbuilding.

Thailand-based S Hotels and Resorts has priced its IPO near the bottom end of the marketed range, raising Bt7.5bn ($247.9m).

NetEase-backed Chinese education platform Youdao fell by more than 25% on its debut on the New York Stock Exchange last Friday, after pricing its listing and concurrent private placement in the top half of guidance.

Lenders have until Friday to respond to an amendment and extension of Tsinghua Unigroup’s two old borrowings from 2017. The banks were given just two weeks to respond.

Moody’s downgraded the corporate rating of overleveraged French supermarket group Casino Guichard-Perrachon during a crucial refinancing. The group is already offering a generous spread on its new term loan, which it has to execute in order to unlock up to €2bn of revolving bank debt.

Warehouse construction firm and lessor ESR Cayman relaunched a bigger Hong Kong IPO this week, four months after pulling its first listing attempt because of volatility. But a revamped syndicate team and positive momentum in the local IPO market have given the new deal some impetus, writes Jonathan Breen.

Chinese state-owned commodity chemicals producer Shanghai Huayi (Group) Co has sold an almost 10 times covered five year bond, while Yuzhou Properties Co raised $500m to fund a tender offer. Two local government financing vehicles also made their offshore debuts.

Investors have taken to Chinese education platform Youdao, covering its $101m IPO multiple times over days before the end of bookbuilding, according to a source close to the deal.

Shares in Wirecard, the German payments firm, rose by as much as 8.2% on Monday morning after the company called in KPMG to conduct an independent review into its accounting practices. However, the exchangeable bonds issued by SoftBank to derisk its investment in the company fell further, proving little relief to equity-linked investors that bought into the deal.

ESR Cayman, a warehouse construction firm and lessor, has boldly returned with a bigger IPO target after delaying its first go at listing earlier this year.

Small appliance maker JS Global Lifestyle Co has opened the books for a Hong Kong IPO. It hopes to raise up to HK$3.6bn ($462.1m), according to a source close to the deal.