Credit Suisse

Mobile-based social networking platform Momo’s $232m Nasdaq IPO has been met with overwhelming demand on the first day into bookbuilding, as the company’s link to Alibaba Group led to investors rushing into the deal.

Chinese property is back firmly on the menu this week two companies opened books and a second pair start roadshowing on Monday. Opportunistic borrowers piling into international bonds market to take advantage of the post-rate cut bullish sentiment.

Malaysian conglomerate MMC Corp is relisting its power arm Malakoff Corp in an IPO that could fetch over $1bn, setting the stage for a showdown between two jumbo Malaysian listings of energy companies in the first half of 2015.

ANZ has strengthened its India franchise with the appointment of a senior banker from Credit Suisse as its new CEO of India.

After months of spread tightening and an unremitting stream of successful deals, the positive mood in the primary covered bond market finally broke this week. Amid a weakening secondary market, OP Mortgage Bank only just managed to get a deal away and AIB Mortgage Bank became the only covered bond issuer to postpone a deal this year.

Chinese B2B e-commerce company HC International raised HK$780m ($100.5m) on November 20 by selling a convertible bond, opting to tap the equity-linked market to save on costs that it might otherwise have had to pay for high yield debt. But the CB’s heavy reliance on hedge funds was reflected in the following morning's trading of the company's shares, which plummeted as investors shorted the equity.

Books opened on Wednesday afternoon for Keppel Telecommunications & Transportation’s S$513m ($393.8m) IPO of its real estate investment trust, with books being fully covered within an hour of launch thanks to efforts by the banks to get plenty of anchor support ahead of opening.

NXP Semiconductors, the Dutch chip maker, raised $1bn on Tuesday with a convertible bond that used the call spread structure popular with US tech companies.

GlaxoSmithKline has returned to the euro bond market after a five year absence with a big double tranche transaction. The UK pharmaceuticals company priced €1.5bn of five year and €1bn of 10 year bonds on Tuesday.

Korea East-West Power Co (EWP) provided a strong end to what has been a mixed year for Korean credits, selling a $500m 5.5 year bond on November 24. Investors thronged to the quasi-sovereign, which benefits from favourable government policies, at one point helping the order book reach eight times subscribed.

Chinese real estate developer Logan Property Holdings launched a two-day roadshow on Tuesday as prepares its maiden dim sum bond six months after selling its inaugural international issue.

Chinese hotpot chain Xiabuxiabu Catering Management began pre-marketing its HK$1.55bn ($200m) IPO on Monday, as bankers get set to whet investor appetite in Hong Kong, Singapore, London and the US.