Credit Suisse

Times China Holdings raised $350m from a 5.5 year bond on Tuesday as a way to get ahead of its 2021 dollar maturities.

Instone Real Estate, the German residential property developer, has found strong support for its €182m rights issue, which it announced in August to fund an acceleration of its growth strategy.

The Africa Finance Corporation, the pan-African development finance institution (DFI), has mandated a pair of banks to lead its first ever green bond issue, which it will sell publicly into the Swiss franc market.

Bonds sold on Monday by Chinese conglomerate Dalian Wanda Group Co and property developer Logan Group Co have underperformed in the secondary market.

US companies visited the euro bond market on Monday, with multi-tranche issues from drinks company Coca-Cola and real estate investment trust Digital Realty, which brought a rare floating rate note in euros.

Credit Suisse has hired 11 researchers for Credit Suisse Founder Securities (CSFS), its Chinese joint venture securities house. The new employees are part of the bank’s bigger plan to expand its onshore presence.

Swisscom raised Sfr100m ($110m) on Thursday with an 11 year bond sold without the involvement of an intermediary bank. The company worked with Swiss fintech company Valyo to issue the bond through its platform that directly connects issuers and investors.

Hong Kong-listed ESR Cayman pulled off its first convertible bond this week, signalling an increasing flow of deals to come to the Asian equity-linked market. The company took advantage of its surging stock price and a hot reception from investors to raise $350m. Jonathan Breen reports.

Europe’s high grade corporate issuers are increasingly dipping their toes into sustainability bonds, with telecoms company Orange and fashion house Burberry bringing debut deals.

French agency Caisse des Dépôts et Consignations is planning to round off its 2020 funding through private placements. It was last active in the market at the end of last week, selling a long dated callable bond to an investor hunting for a yield pick-up versus Bunds.

SciClone Pharmaceutical (Holdings), a Chinese biopharmaceutical company that claims to have developed a drug to treat Covid-19, is seeking the greenlight to list in Hong Kong.

Singapore’s United Overseas Bank has bagged the lowest yield globally for a Basel-III compliant tier two dollar bond, breaking the record set by its peer Oversea-Chinese Banking Corp just last week.