Credit Suisse

An overnight bookbuild in Oil & Gas Development Co this week reopened the market for Pakistan equity deals, as investors clamoured for shares in the Prp5.7bn ($49.7m) offering.

Four high yield property companies, Sunac China Holdings, Central China Real Estate, Jingrui Holdings and Yanlord Land Group, raised a total of $2.05bn on Monday, with some of them focusing on price and the others on size. But irrespective of their strategy, recent heavy supply pushed their bonds lower in the secondary market.

Vinhomes is gearing up to launch the largest IPO in Vietnam, kicking off investor education for the up to $2bn share sale.

The IPO of IBS IT, a Russian technology company, was postponed on Friday due to “increased market volatility” driven primarily by US-led sanctions against Russia. According to Nikki Haley, US ambassador to the UN, more might be coming.

Chinese property developers are rushing to sell dollar bonds as momentum picks up and the market stabilises. While heavy supply is weighing on investors’ minds, their familiarity with the sector and issuers’ willingness to pay up may be able to safeguard the deals.

Indonesia’s Surya Pertiwi kicked off bookbuilding for its potential Rph1.64tr ($119.1m) IPO on Monday, joining a handful of other companies also seeking a domestic float.

An unnamed institutional investor has launched a block sale of shares in Pakistan-based Oil & Gas Development Co worth up to Prp5.9bn ($50.8m).

Chinese real estate companies Cifi Holdings Group Co and Fujian Yango Group Co rolled out three year dollar bonds on Thursday, paying investors hefty premiums to get their deals done.

Pakistan is back in the offshore syndicated loan market for a $450m facility led by two banks.

China-based Daqo New Energy Corp, which makes silicon wafers for solar cells, has bagged $110m after pricing its follow-on of American Depository Shares (ADS) at the bottom of guidance.

Tucker Highfield, Credit Suisse’s head of equity syndicate for Asia ex-Japan, has left the firm to join Bank of America Merrill Lynch, according to sources.

Sarimelati Kencana, the owner of the Pizza Hut franchise in Indonesia, began premarketing its $100m IPO this week, as the country’s equities market gears up for more action.