Credit Suisse
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A shift in the Swiss franc-dollar basis swap has been enough to deter , foreign issuers from the Swiss bond market this week, leaving it to a Swiss biomedical market regular and a Liechtenstein-based power tool manufacturer. -
Bank of Nova Scotia was looking to test investors’ appetite for one of first additional tier one transactions of the coronavirus pandemic on Thursday, helping to set a reference point for pricing in the asset class.
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Korea Development Bank raised $1bn from a new bond on Wednesday, marking its third dollar transaction of the year.
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Banks are bounding back into the Kangaroo market. On Wednesday, BNP Paribas jumped in to sell the first syndicated Australian dollar senior non-preferred deal since the start of the Covid-19 crisis, later that day the Bank of Nova Scotia announced plans to join the fray with a mandate for a three year bail-inable deal.
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RAG Stiftung has sold half of its stake in Stadler Rail, the train manufacturing company that floated on the SIX Swiss Exchange last year.
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Chinese internet giants JD.com and NetEase are targeting mid-June to launch their respective Hong Kong listings, according to sources familiar with the matter.
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A group of lenders is targeting the family assets of Luckin Coffee chairman Lu Zhengyao to regain losses from more than $500m in margin loans.
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Malaysian sovereign wealth fund Khazanah Nasional has pocketed MR735.7m ($168.6m) from the sale of a stake in Telekom Malaysia, after boosting the size of the trade.
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Pfizer was at its opportunistic best this week as it issued $4bn of notes that included the lowest ever coupon on a corporate five year bond.
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A supranational and a Nordic bank paid rare visits to the Swiss franc market this week. The North American Development Bank (NADB) printed its first deal in two years — its second green bond — while Nordea returned after a five year absence.
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The high-grade corporate bond market saw some heavily subscribed deals this week, but there are concerns from some corners of the market that primary issuance is showing signs of fatigue.
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Credit Suisse’s plan to launch a private credit opportunities fund has been undermined by a spying scandal, the departure of Jim Amine, and Covid-19, writes David Rothnie.
