Credit Suisse

India’s first infrastructure investment trust bounded to a solid finish with IRB InvIT Fund’s Rp46.5bn ($727.4m) IPO closing 8.6x covered.

Ant Financial subsidiary Alipay (Hong Kong) Holding will increase the size of its $3bn loan, taken to partly support its bid to acquire Dallas-based MoneyGram, according to bankers. The news comes about a fortnight after Alipay raised its offer for MoneyGram by around $300m.

Hiag Immobilien, the Swiss property developer, reopened the Swiss franc bond market on Wednesday after three weeks without a new issue. Low levels of issuance have allowed Swiss property firms an easy ride in bond markets in 2017.

Bookbuilding for IRB InvIT Fund’s Rp46.5bn ($727.4m) IPO is having a slow start despite the hype surrounding India’s first infrastructure investment trust.

Crystal International Group has filed a listing application with the Hong Kong Stock Exchange for a $600m-$800m IPO.

Hiag Immobilien, the Swiss property developer, reopened the Swiss franc bond market on Wednesday after three weeks without a new issue. The market's drought has allowed Swiss property firms an easy ride in bond markets in 2017.

Indian textbook publisher S Chand and Co has sealed its Rp7.3bn ($113.7m) IPO 59.5 times subscribed after a burst of demand on the last day of bookbuilding.

Shareholders of Sarana Menara Nusantara raised Rph5.4tr ($405.2m) from a re-IPO of the Indonesian company, selling the stock at the bottom of indications.

Hong Kong-listed Logan Property has sealed a $150m three year loan from three banks, and will use the money to repay debt.

French building services outsourcer Atalian printed a €625m seven year bond on Wednesday, bringing total high yield issuance for the week to over €2.6bn.

The launch of India’s first infrastructure investment trust is a week away but the excitement is already at fever pitch. IRB InvIT Fund aims to raise Rp46.5bn ($727.4m) from its IPO and will set the stage for a market that has huge growth potential, with its success already seeming all but certain, writes John Loh.

Credit Suisse’s Asia Pacific business performed strongly in the first quarter of 2017, with robust results coming from the wealth management and connected business (WM&C).