Credit Suisse

Mobile phone maker Xiaomi’s $1bn dual tranche loan has netted commitments from seven lenders that made it in time for the loan’s early bird deadline in general. These banks will earn an early bird fee of 15bp for getting commitments in by October 6.

Bangkok Airways Public Company took off for its Bt16.9bn ($527m) IPO on Monday, October 6, on a day that saw the Stock Exchange of Thailand Index dropped by 1.3%.

Issuers of subordinated debt are likely to benefit from a wider range of investors in Swiss francs in the future. A Sfr525m deal from insurer Helvetia drew unprecedented institutional demand on Thursday, despite volatile trading conditions last week.

Indonesian taxi operator Blue Bird Group opened books on Friday, October 3 for a Rph3.7tr ($307m) IPO, in a deal which will be the largest listing in the country this year.

A returning bid for Latin American high yield and low-beta names on Thursday offered some respite to the region’s struggling bond market as new cross-border debt issuance continues to slow.

Four issuers launched covered bonds from Germany, Sweden, Norway and Austria this week. The transactions were all well subscribed and priced tightly but the greatest degree of price tension was seen in deals that are expected to be eligible for the European Central Bank’s purchase programme.

Credit Suisse’s leveraged finance business has come under harsh scrutiny from the US Federal Reserve. The bank has received an especially stern letter from the financial regulator, but market participants say most institutions have been criticised severely for their risky lending practices.

China’s Bank of Communications (BoCom) has followed its landmark offshore tier two bond with another €500m ($634m) offering a day later, on September 25. But the euro denominated transaction proved to be less popular than its dollar counterpart.

The pharmacy and supermarket arm of Peruvian conglomerate Intercorp Peru is planning a new seven year non-call four bond of up to $350m in order to fund the buyback of its $300m 8.875% notes due 2018.

Credit Suisse’s leveraged finance business has come under harsh scrutiny from the Federal Reserve. The bank has received an especially stern letter from the US financial regulator, but market participants say most institutions have been criticised severely for their risky lending practices.

Philippines’ Belle Corp has raised Php5.4bn ($120m) through a placement of shares it owns in Premium Leisure Corp, pricing the deal at the bottom of the guidance provided.

China’s Bank of Communications (BoCom) has followed its landmark offshore tier two dollar bond with a €500m offering a day later. BoCom is the first Chinese bank to issue Basel III debt without the use of an offshore subsidiary.