Credit Suisse

Lucy Baldwin is joining Citi in April as head of research and equity advisory within the markets and securities services division (MSS).

American insurers Metropolitan Life and Athene Holding had a busy start to the year as they tapped the sterling, euro and dollar markets to issue a quartet of funding agreement backed (FAB) securities.

Chinese property borrowers reopened Asia’s primary dollar bond market on Monday, with four issuers raising nearly $2bn between them following solid demand from investors.

Nigeria’s Bank of Industry, which is majority state-owned, has raised a $1bn syndicated loan in one of the rare sparks of emerging market loan activity over the last 12 months. After a disappointing year, bankers are longing for a return to pre-Covid issuance volumes.

Vincenzo de Falco has joined Credit Suisse as a member of a recently formed function that seeks to serve privately-owned companies and high-net-worth clients with investment banking products.

Foreign central bank action sparked arbitrage opportunities in Swiss francs to shrink in 2020, so investors took a more domestic approach. As foreign issuance dries up, so too do Swissie mandates for international desks. Frank Jackman reports.

The Swiss National Bank said it is “willing” to increase the scope of its foreign exchange interventions to keep the Swiss franc’s value down, despite the US Treasury labelling it a ‘currency manipulator’ this week.

Credit Suisse has hired Deutsche Bank’s head of corporate broking to bolster its senior UK investment banking team.

Dollar bond sales from India have seen a last minute pick-up before the year-end, with three firms pricing their deals in the past week. Indian companies, like the rest of the region, faced hurdles in accessing offshore funding this year, but bankers are optimistic about 2021. Morgan Davis reports.

Kerry Express, a Thailand-based delivery company, has raised Bt8.4bn ($279.5m) after sealing its IPO at the top of the marketed range.

Credit Suisse's investment bank is well placed for where the market is heading after the coronavirus pandemic, it said on Tuesday at an investor day. Its new global trading solutions (GTS) business unit may be key to future revenue streams.

Pirelli, the Italian tyres company, has issued its first convertible bond since its re-IPO on the Milan Stock Exchange in 2017, raising €500m.