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Investment bankers tend to always talk about standing behind their corporate clients in tough times. Last year HSBC stood out for putting those words into action.

Magnum Opus Acquisition, a special purpose acquisition company (Spac), has raised $200m from a New York Stock Exchange IPO.

In this round-up, China’s State Council assigns tasks to different regulatory bodies to implement the government’s goals for this year, the central bank confirms its policy stance of ‘no sharp turns’, and Haitong Securities is punished for allegedly failing to control risks.

Power Construction Corp of China priced its $500m bond 20bp inside of fair value this week, taking advantage of the rarity value of perpetual notes from the country’s state-owned companies.

Shriram Transport Finance Co caught an opportune time to print a $225m tap of a bond on Thursday, with the response to its deal reflecting investor preference for strong Indian credits.

Two Mexican corporates — real estate investment trust (Reit) Fibra Uno and leasing company Operadora de Servicios Mega — re-opened bonds on Thursday as supply trickles into the Latin American primary bond market. But only Fibra Uno was able to tighten pricing from initial price thoughts.

Casino operator MGM China Holdings added more liquidity to its balance sheet this week with a $750m bond outing.

Chinese question-and-answer platform Zhihu has raised $522.5m from its US IPO, after pricing the deal at the bottom of the marketed range, according to a source familiar with the matter.

Chinese firm Linklogis has thrown open the book for its Hong Kong IPO, aiming to pocket up to HK$8.28bn ($1.06bn).

Last year GlobalCapital was forced to abandon our 2019 Equity Capital Markets Awards dinner because of the Covid-19 pandemic. Little did we know that what seemed like a brief crisis would transform all our lives in the way it has. But despite the huge pressure of the virus and its dramatic impact on stockmarkets, the equity capital markets rose to the challenge in 2020, enabling many companies to raise vital capital to mend broken balance sheets and even to complete IPOs, all without executives having to leaving their home countries — or even their homes. After an extraordinary year, GlobalCapital is pleased to recognise the truly outstanding achievements in ECM.

The polite world of sustainable finance has collided with the ugly reality of politics in the past week, as open strife has broken out over the European Union’s sustainable finance legislation, especially the Taxonomy. Conservative and progressive elements are battling over a host of issues, above all whether gas power should ever be classed as sustainable, and the validity and even legality of the Taxonomy is being called into question.

Bonds issued by the Province of Buenos Aires enjoyed a rally this week as some investors sensed a restructuring agreement is closer, even as a group of bondholders finally lost patience and sued Argentina’s largest province in New York’s courts.