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  • Credit Suisse won praise from equity capital markets bankers this week for a neat two-step plan to raise Sfr6bn of new capital, as part of a complete new strategy for the bank, announced by CEO Tidjane Thiam in a marathon series of conference calls on Wednesday, writes Jon Hay.
  • The Vietnam government’s prized stakes in 10 firms are up for grabs, as the state looks to sell down its holdings in the country’s largest dairy producer, a telecommunications firm and an insurer among others.
  • Credit Suisse has picked Citigroup, HSBC and Société Générale to underwrite its Sfr4.7bn rights issue, which will follow a private placement of Sfr1.35bn to anchor shareholders.
  • Credit Suisse announced on Wednesday a double deal to raise Sfr6bn of new capital, a 15% increase, to strengthen its common equity tier 1 ratio.
  • Bank of Zhengzhou, one of China’s biggest commercial lenders, has filed an application to list on the Hong Kong Stock Exchange (HKEx) via joint sponsors Bocom International and Citic CLSA Securities.
  • Cigarette giant Philip Morris International has cut its stake in its Indonesian unit HM Sampoerna, netting a chunky Rph20.3tr ($1.38bn) in the process. The success of the trade was down to large commitments from anchor orders, who signed up for nearly half of the shares in advance.