Credit Suisse

School textbook publisher S Chand and Co’s Rp7.3bn ($112.8m) IPO, which was launched in India on Wednesday, had a book that was 1.8 times covered and growing as of Thursday evening.

China Rapid Finance decided to cut price guidance for its US IPO in order to secure a high quality anchor investor, raising $70m instead of the original target of up to $115m, according to a banker on the deal.

Credit Suisse shares closed 2.7% higher on Wednesday after the bank confirmed what had been widely expected: it will conduct its second rights issue in 18 months, and scrap its plan to float its Swiss Universal Bank.

Credit Suisse beat analysts’ expectations and posted a net profit in the first quarter of 2017, while the bank finally ended uncertainty about its capital position, and the possible IPO of its Swiss unit, by announcing plans for a Sfr4bn rights issue.

S Chand and Co has started bookbuilding for its Rp7.3bn ($112.8m) float in India after anchor investors took up 30% of the deal at the top of the marketing range.

Peer-to-peer lender China Rapid Finance is eyeing the bottom half of guidance for its US IPO, giving it a possible size of up to $105m, according to a banker working on the deal.

IRB InvIT Fund is set to launch India’s first infrastructure investment trust next week, testing the market’s appetite for yield assets with a Rp46.5bn ($727.4m) IPO.

French building services outsourcer Atalian started a roadshow for a €600m seven year bond offering on Tuesday, bringing total expected issuance for the week so far to over €2.3bn.

The chief operating officer of M&A and telecoms, media and technology at Credit Suisse’s investment bank has left for a fundraising advisory firm.

The top lending group for a dual-tranche borrowing by Vedanta Group has shrunk after one bank dropped out of the syndicate to tie up its portion of the financing bilaterally.

Fosun International scored an additional $600m from a tap of its $800m 5.25% 2022s last Friday, making it the largest Chinese high yield non-property deal in almost three years.

Indonesia-listed Sarana Menara Nusantara is set for a liquidity event after a group of shareholders put a large chunk of stock for sale to raise Rph5.6tr ($422m).