Credit Suisse

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.

Adani International Container Terminal Private (AICTPL), part of India's Adani Group, sold its inaugural dollar bond on Monday. It raised $300m after receiving orders worth $2.85bn.

Gaurav Arora has joined Credit Suisse to work in its emerging markets sales team.

Neel Laungani has rejoined Credit Suisse in a senior position in the Asia Pacific investment banking and capital markets (IBCM) team.

The strong run of green equity capital markets deals in Europe continued on Thursday night with a €224m sale of stock in Spanish infrastructure and renewable energy company Acciona.

In the final instalment of GlobalCapital Asia’s awards announcements, we reveal the best Asian investment bank and the best investment bank in the region for 2020, as well as the bank that stands out for its response to the Covid pandemic.