ANZ

There has never been a better time to be an FX banker in Asia as the region captures a bigger share of global activity driven by the rise of the renminbi and increased capital flows to and from the continent. Technology is also playing a bigger role but the best franchises from Asiamoney’s FX Poll 2016 combine that with top notch advisory, and geographical and product clout. Lorraine Cushnie reports.

Books were nearly $2bn for the UAE's Union National Bank’s return to the markets on Wednesday With issuance from UAE banks limited thus far, the 20bp-25bp starting premium offered good value, according to one EM banker.

Union National Bank (UNB) has announced plans to return to the dollar bond market after an absence of nearly two years.

ANZ pulled in the lowest coupon for a 10 year senior bond since the financial crisis on Thursday, as it joined BPCE and NIBC in a FIG market buoyed by the Federal Reserve’s decision to leave rates unchanged.

Standard Chartered has given Kaustubh Kulkarni responsibility for Indian rupee bond syndicate, as the bank seeks fresh opportunities in local currency debt.

Details have emerged on a $900m triple-tranche borrowing for Mercuria Asia Group Holdings and Mercuria Energy Trading, which has launched into syndication.

Mercuria Asia Group Holdings and Mercuria Energy Trading are gauging interest from lenders for a joint loan of $900m, according to bankers.

Australia and New Zealand Bank has lost a member of its loan syndications team in Singapore, according to sources close to the move.

A cautious tone beset the FIG market this week, as borrowers took their feet of the pedals ahead of the US Federal Open Market Committee’s policy meeting next week.

ANZ New Zealand took advantage of a slight back-up in yields and a scarcity of seven year covered bonds to issue a well oversubscribed deal on Tuesday.

Prosperity Real Estate Investment Trust opened a HK$1.95bn ($251.51m) borrowing into general syndication on Tuesday to raise fresh funds for an acquisition in Hong Kong.

China Huarong Asset Management is preparing to return to the debt market, mandating firms for a perpetual Reg S offering.