Credit Suisse

China Evergrande Group’s $1.8bn return to the bond market this week split opinion. The ultra-high yield deal, which sent the company’s secondary bonds spiralling, was largely sold to Evergrande’s chairman — a move that attracted a mix of outrage and admiration. Morgan Davis reports.

China Evergrande Group raised $1.8bn in an unusual three-tranche deal on Tuesday that saw its chairman purchase $1bn of the notes as a show of support for the company.

The leveraged finance new issue pipeline has slowed down in Europe. Market participants pointed to weak macroeconomic data, but also the recent alarms about weak covenants.

Eurotorg, the largest supermarket chain in Belarus, has fixed a price range for its landmark IPO on the London Stock Exchange, which could value the company at almost $1bn.

Evercore Partners has hired a senior banker from Credit Suisse to beef up its industrials practice in Europe.

Ion Investments has launched a block sale of South Korea-listed Celltrion stock, targeting proceeds of up to W865bn ($764.6m).

Niu Technologies, China's leading maker of electric scooters, dragged its Nasdaq IPO over the line on Thursday after cutting the number of shares on offer and pricing almost 30% below the original marketing range.

CPI Property Group, which owns real estate in Berlin and central and eastern Europe, printed an inaugural Swiss franc bond on Thursday in a size bigger than the minimum originally touted to investors.

Malaysia’s barren IPO landscape is coming back to life, with two food-related issuers filing their long-delayed listings this week.

Studio City International Holdings priced its debut on the New York Stock Exchange (NYSE) at the top of its marketing range on Thursday, raising $359.4m.

Banque Fédérative du Crédit Mutuel (BFCM) has sold Sfr100m ($100.6m) of November 2026 bonds, as some investors were drawn to higher absolute yields in a cheapening market.

Indonesian paper manufacturer Fajar Surya Wisesa started gauging interest on Thursday for a primary capital increase worth as much as Rph3.9tr ($260m) at its market price.