Credit Suisse

Vinpearl has hit screens with the year’s first exchangeable bond in Vietnam to raise $275m, as southeast Asia’s equity-linked market heats up.

China-based VCredit Holdings, which provides online consumer finance, launched bookbuilding for its IPO on Tuesday, with proceeds of up to HK$1.58bn ($201m) in reach.

New Frontier Corp, a Hong Kong-based special purpose acquisition company (Spac), is planning an IPO in the US worth as much as $200m.

Singapore sovereign wealth fund Temasek Holdings is set to take the securitization market to the next level, seeking three tranches of rated notes worth $500m-equivalent through Astrea IV. A local currency-denominated tranche will also be opened for subscription to retail investors later this week.

Del Monte Philippines has kicked off bookbuilding for an up to Ps17.6bn ($334.5m) IPO after winning approval from the country's stock exchange on Wednesday.

The Swiss franc bond market showed this week that it is well insulated from the turmoil affecting the euro market as South Korea’s Hyundai Capital raised Sfr300m from a tightly priced five year bond. With cross-currency basis swaps coming down, and low new issue premiums, Zurich-based bankers are keen to showcase the pricing competitiveness as well as the stability of their market.

A topsy-turvy market backdrop is pushing a slew of Chinese borrowers, mainly property companies, to raise funds by tapping their existing dollar bonds. Buy side interest remains, but only for the right names, writes Addison Gong.

The parent of Thailand’s VGI Global Media bagged Bt3.5bn ($110m) from a larger-than-expected overnight share sale on Wednesday.

Credit Suisse has re-hired Josh Presley to work on its debt syndicate team, this time in New York.

Hyundai Capital returned to the Swiss franc bond market after roughly four years away on Wednesday. The South Korean car company was a regular feature in Switzerland up until 2014, but as conditions grew worse for international borrowers each bond expired and was not refinanced like for like. But this is beginning to change as the Swiss market proves more resilient to European political volatility than core markets.

Property developers Times China Holdings, Central China Real Estate and China South City Holdings raised funds from the dollar bond market on Monday, with all three finding sufficient buy-side interest.

China Energy Reserve & Chemicals Group Co (CERCG) said on Sunday evening that it has officially defaulted on its dollar bonds, marking the third offshore default from Greater China in recent weeks. Markets participants are not stressing about it though, but are instead optimistic about a strong week for primary and secondary markets.