Credit Suisse

The Asia DCM market opened to a slew of issuance on Tuesday with Singapore duo Olam International and PSA International, Korea National Oil Corp and Japanese lender Mizuho Financial Group looking to tie up their respective dollar transactions.

Pakistan has signed its latest loan at a higher than launch size of $408m, completing the syndication within just three weeks.

Standard & Poor’s has downgraded Mozambique’s foreign currency rating after what it considers to be a distressed debt exchange of state-run tuna company Ematum’s 2020 notes.

SBAB Bank printed its first euro fixed rate senior bond since 2013 on Monday, raising €500m of May 2021 notes at the start of what market participants believe could be a busy week for FIG supply.

Credit Suisse has sold its first benchmark euro senior unsecured bonds of the year, returning with a pure operating company version of a dual tranche deal it was forced to cut in half in June last year.

ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.

ChemChina gave 11 banks allocations in the $20bn tranche of its Syngenta acquisition loan on Thursday, bringing the total number of banks in the syndicate to 16.

VAT Vakuumventile launched on Thursday morning the bookbuild for its Zurich listing. The deal, Switzerland’s first IPO of the year, could give the vacuum valve maker a valuation of up to Sfr1.38bn ($1.4bn).

The Government of Mongolia finally dipped its toes into the international bond market, raising $500m from a 144A five year trade this week. The sovereign managed to assuage investors concerned about the twin headwinds of volatile commodities prices and slowdown in China, but had to pay up in the process. Narae Kim reports.

China Logistics Property Holdings Co, which filed for a Hong Kong listing on Thursday, has tapped Credit Suisse and Deutsche Bank as joint sponsors for the transaction.

Credit Suisse has announced that Patrick Porritt will become vice-chairman of its financial institutions group. Porritt joins from Bank of America Merrill Lynch, where he was head of APAC FIG.

The Republic of the Philippines is getting ready to meet investors to provide them an update on recent economic developments and performance.