Credit Suisse

Credit Suisse has been no stranger to disappointment in the past year, thanks to a savage series of business cuts and an equally savage banking and markets backdrop for much of the year. But now, things are looking up.

Mongolia has mandated banks for a new dollar deal to be issued in part to fund an exchange offer for the Development Bank of Mongolia’s bonds maturing next month. The announcement comes just after the International Monetary Fund agreed to a $5.5bn bailout for the debt ridden country.

United Overseas Bank is marketing the year’s first Singapore dollar-denominated bond from a financial institution, while Germany's Commerzbank has also set its sights on the same liquidity pool.

India’s market regulator has given the go ahead to IRB InvIT Fund’s IPO, making it the first infrastructure investment trust in the country to win approval to list. But IndiGrid and Reliance Infrastructure are hot on its heels.

Credit Suisse finished 2016 with a Sfr2.4bn ($2.39bn) annual loss but investors found reasons for optimism in the bank’s strong capital position and revenue growth in investment banking and capital markets, causing the stock price to rise 3.05% on the morning it reported.

Credit Suisse partially stepped away from its plan to place part of its ‘Swiss Universal Bank’ on the market to raise capital, as the bank’s asset disposals and legal settlements came out better than expected, taking the pressure off the bank's capital levels.

Swiss retail investors were fed the highest yielding deal in Swiss francs the year so far on Monday, when single-B rated Gategroup offered with bonds a 3% coupon.

Credit Suisse named one of its most senior investment bankers in Asia Pacific as China CEO this week, putting him in charge of a strategy increasingly focused on wealth management and China. The move came as the resilience of the bank's regional and integrated model continues to be tested, writes John Loh.

UK mortgage lender Together Financial was the only new deal in the European high yield bond market of the week when, on Wednesday, it sold a sterling offering that received firm demand in a rare example of a single-B name opting for bonds over leveraged loans.

Credit Suisse has given one of its most senior investment bankers in Asia the position of China CEO, as the bank increases its pivot to the region.

Credit Suisse finished 2016 with a Sfr2.4bn ($2.39bn) annual net loss but investors found reasons for optimism in the bank’s strong capital position and revenue growth in investment bank and capital markets, causing the stock price to rise 3.05% by 11.30am London time.

Credit Suisse’s Asia Pacific unit returned to the black in the fourth quarter of 2016 as its full year income nearly doubled, the bank said on Tuesday.