Credit Suisse

Hong Kong's United Photovoltaics and Chinese issuers Reward Science and Technology Industry Group Co, Beijing Capital Group and Yuzhou Properties Company all launched new dollar transactions Wednesday amid a flurry of pre-holiday issuance.

The Republic of the Philippines launched a 25 year dollar transaction Wednesday morning, returning to the market for its regular start of the year deal.

Shares in Banco Comercial Português, the Portuguese bank, closed 15% higher on Tuesday after they began trading ex-rights ahead of its €1.33bn rights issue to strengthen its capital buffers and repay contingent convertible bonds owned by the Portuguese government.

Credit Suisse has named two bankers co-heads of global leveraged finance.

Hapag-Lloyd on Monday began roadshowing a sub benchmark and triple-C rated bond to European high yield investors.

Mozambique did not make a $60m coupon payment on its 2023 sovereign bonds due on Wednesday, and as it entered the subsequent grace period, creditors say there is “zero chance of the payment happening”.

Detsky Mir, the Russian children’s goods retailer, has announced its intention to float on the Moscow Exchange, more than two years after shelving plans to go public when Western sanctions were imposed on some Russian entities after the country's annexation of Crimea in 2014, and Russia suffered a recession.

SEA Holdings, Guangzhou R&F Properties and a Changchun local government financing vehicle took advantage of the abundant liquidity in the bond market by locking in funds on Thursday.

The enduring nature of sterling covered bonds was underscored again this week with deals issued by Lloyds Bank and BayernLB taking this year’s total in the UK currency to six.

Broadcom printed the biggest corporate trade of the year so far as yield hungry investors snapped up triple-B rated names ahead of US president-elect Donald Trump’s inauguration next week.

ASB Finance and Met Life entered the Swiss market this week despite them having little need for the Swiss currency in their funding programmes.

As many as eight covered bonds were launched across three currencies this week, the vaguely discernible pattern suggesting better interest for the larger deals with intermediate maturities and particularly those from non-eurozone issuers where liquidity is most likely to be better.