Credit Suisse

Danske Bank opened books on Wednesday on a triple A rated five year euro benchmark following up its its seven year sterling transaction early last week. A solid book build blew away concerns over a soft credit market and a series of upcoming potentially disruptive events.

Alibaba Group’s mega IPO was always going to be a game changing deal. Nearly one year in the making, the $21.8bn listing has broken multiple records and put Chinese companies in the limelight. With its shares due to start trading on Friday, how the deal performs in secondary will affect equity markets far and wide, writes Rashmi Kumar.

Indonesian taxi operator Blue Bird Group has revived plans for an IPO worth around $400m and started pre-marketing the deal to investors on Thursday, September 18. The deal comes almost one year after the company delayed its listing plans when it failed to get the green light from the country’s regulator.

Chong Hing Bank’s $300m additional tier one (AT1) bank capital issue is attracting plenty of attention from fixed income investors, with bids crossing the $500m mark just 90 minutes after books opened at 9am on September 18.

Credit Suisse plans to add algorithmic trading to its newly launched swap execution facility aggregation service, as it further develops it for interest rates swaps.

Credit Suisse struck a lone figure in the senior market on Tuesday, selling a short dated floating rate note. While demand was robust for the print, few others are expected to follow with deals of their own as issuers opt to avoid what could be choppy market conditions in the remainder of the week.

China’s Alibaba Group has increased the price range of its New York IPO to $66-$68 after strong investor demand, as the company looks set to become the biggest US listing ever — and possibly the world’s largest IPO.

The Coca-Cola Co issued its first bond in euros on Monday, choosing the same path as several other blue chips recently by launching a big, dual tranche deal. This highlights the euro market’s attractiveness to international borrowers.

Norwegian savings bank Sparebank 1 SR-Bank is set to make a rare appearance in Swiss francs on Monday afternoon, tapping a four year note. The trade is expected to draw good demand despite coming at an aggressive level, owing to the rarity of Norwegian risk in Swiss francs.

Alibaba Group’s jumbo $21.13bn New York IPO is fully covered one week into the bookbuilding process, with the company now looking to close the deal ahead of the scheduled date. It is also considering selling the shares at higher level.

Hong Kong’s Chong Hing Bank will be meeting investors this week for a proposed additional tier one (AT1) bank capital issue. If successful, the deal would be not only Asia’s second dollar Basel III AT1 transaction but also the borrower’s first international issue in almost four years.

Morgan Stanley has hired a levfin and sponsors banker from Credit Suisse, say sources familiar with the situation.