Credit Suisse
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Credit Suisse announced at its strategy day on Wednesday that it would be relinquishing its European primary dealerships and exiting secondary market making in European government bonds – leading market participants to assume that the bank’s SSA business would also be mothballed. -
Credit Suisse will raise Sfr6bn of new equity and float its Swiss domestic arm, as part of a strategic overhaul in which it is also making big bets on Asia and wealth management.
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Credit Suisse announced on Wednesday a double deal to raise Sfr6bn of new capital, a 15% increase, to strengthen its common equity tier 1 ratio.
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Nederlandse Waterschapsbank bounced back from a pulled deal last week to print its largest trade in any currency to date on Tuesday, as a Canadian province mandated for a euro deal.
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Teva, the Israeli pharmaceutical company, will hold a meeting with banks on Wednesday for the syndication of $33.75bn of loans it is using to buy generic drug business Allergan Generics.
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Chinese company Minsheng Financial Leasing, which launched a $200m offshore loan in July, has reduced the margin on the deal by 45bp.
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Softcat, a UK IT infrastructure and services provider, on Monday started pre-marketing for an IPO on the London Stock Exchange, widely tipped to value the firm at around £500m.
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Nederlandse Waterschapsbank has swerved another clash with compatriot Bank Nederlandse Gemeenten — also in the market but in dollars — to return to euros.
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Akademiska Hus AB, the Swedish state-owned property company, on Monday ended a four year absence from the Swiss franc market with a 10 year note.
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Wells Fargo secured strong demand for its longer dated senior paper on Monday, making it the second North American bank to target euros after third quarter results were published last week.
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Kino Indonesia has started pre-marketing its IPO to investors, as the fast-moving consumer goods company seeks $100m to $150m from a domestic listing.
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Garfunkelux, the German debt collection company, on Thursday issued £795m of notes in the first sizeable European high yield issue for three weeks. Market participants are now eager to see if other issuers finally follow in its steps.
