Credit Suisse

E-commerce based Baozun Inc is seeking an IPO on the Nasdaq to raise $200m, in what will be the first US listing of a Chinese technology firm exceeding $100m since December 2014.

Malakoff Corp has hit the ground running with its MR2.74bn ($753.84m) IPO, as eager investors clamoured for stock in what is the first large and liquid trade to emerge from Malaysia this year.

China Cinda Asset Management’s latest deal proved that when it comes to bonds, it does not always have to be a choice between size and prize. The bad debt manager hit the market with a jumbo $3bn dual trancher on April 16 — the third largest non-sovereign dollar bond from Asia ex-Japan this year — and managed to do so by pricing inside its curve.

Credit Suisse has promoted George Chow and Zeth Hung to the positions of co-heads of Greater China investment banking, as the Swiss bank seeks to broaden its client base in the region. The Credit Suisse veterans start in their newly created roles in June.

The European high yield market this week was in ebullient mood as borrowers left behind the Easter holidays and brought a wide variety of deals to market.

Merlin Properties, the largest Spanish real estate investment trust, has announced a fully underwritten rights issue, to raise €613.8m, a 50% capital increase. It is also considering bond issuance in future.

Leveraged loan supply is set to chug along at low levels through the second quarter, yet despite such paucity of product buyside, discipline is holding firm.

Klöckner Pentaplast, the German plastic film maker, has accelerated syndication on a €831m-equivalent loan in euros and dollars, designed to refinance debt and pay its shareholders a dividend.

Pennon Group, the UK water, sewerage and waste management company, raised £100.3m on Thursday with a 3% equity capital increase to finance the acquisition of Bournemouth Water.

Great Eastern Holdings raised HK$4.30bn ($555m) via a selldown of its stake in New China Life Insurance this week, lighting up Hong Kong’s equity capital market with the city’s second largest block trade so far this year.

The Asian IPO market has picked up a notch this week, with Shanghai Haohai Biological Technology opening books for its Hong Kong listing and others across the region also preparing deals.

A busy Asian primary bond market has just stepped up a gear with China Cinda Asset Management launching a jumbo dual-tranche offering on April 16.