Credit Suisse

Internet security provider Qihoo 360 Technology has priced the largest convertible bond from an Asian ex-Japan issuer in four years, taking home $900m on August, 1 in spite of a challenging market backdrop.

Indonesian oil and gas exploration firm Samudra Energy pulled its S$276.3m ($223m) Singapore IPO this week, as volatile market conditions following the S&P 500’s big fall led to weak demand from investors.

Volatile markets forced Indonesian agricultural firm Japfa to price its S$198.4m ($159m) IPO close to the middle of guidance on Wednesday, even though books were covered across the range.

Chinese mobile game distributor iDreamSky Technology is set to price its $115.5m Nasdaq IPO above the indicative price range.

Indonesian oil and gas exploration firm Samudra Energy has pulled its S$276.3m ($223m) Singapore IPO, as volatile market conditions following S&P 500’s massive drop last week led to weak demand from investors.

Volatile market conditions forced agricultural firm Japfa to price its S$198.4m ($159m) IPO close to the middle of guidance on August 6 even though books were covered across the range.

China’s Greenland Holding Group priced a $500m three year bond on Thursday after setting up a new MTN programme last week. The state owned real estate developer was met with a boisterous reception from investors and was able to tighten pricing by 37.5bp.

Chinese internet security provider Qihoo 360 Technology priced the largest convertible bond from an Asian ex-Japan issuer in four years taking home $900m on August 1 in spite of a challenging market backdrop.

Credit Suisse this week led a school of FIG issuers through choppy conditions, showing the resilience of the dollar market.

Moody’s changed its outlook on the Swiss banking system to negative on Thursday. The change was driven mainly by the Swiss regulator’s move towards implementing a new bank resolution framework allowing the bail-in of creditors of failing banks.

Internal moves into Deutsche's SSA syndicate — Barclays hires BAML levfin banker — All change at JP Morgan ECM — StanChart makes switch to replace Nelson

Internet security provider Qihoo 360 Technology shook the market this week by launching the largest convertible bond from an Asian ex-Japan issuer in four years. The $900m size is eyecatching enough, but the offering has also been structured as a dual trancher, which is rare among issuers in the region, writes Rev Hui.