Banks

Shangri-La Asia raised S$250m ($185.3) from the Singapore dollar bond market on Tuesday, after seeing an opportunity for unrated issuers in the city.

Three companies from the Greater China region sealed bonds on Tuesday, likely to be the last batch of issuers to tap the debt market before the Chinese New Year break begins. No Asian borrowers launched dollar deals on Wednesday.

Chinese biopharmaceutical company Zai Lab has kicked off a follow-on offering of its American Depository Shares. It is aiming to raise around $300m.

Macquarie Group has appointed Charles Yonts as head of Asian ESG research, a newly created position.

BFI Finance Indonesia, which provides funding for automobiles, heavy equipment and properties, has returned to the loan market for a $75m borrowing.

Natixis Investment Managers has hired a head of China in its Beijing office from US rival JP Morgan.

Empark, a Spanish car parking firm owned by a Macquarie infrastructure fund, is issuing a high yield bond to fund a dividend and refinance existing bonds.

UBS’s investment bank spent around $80m from restructuring related to personnel at the end of last year. The Swiss bank has also said it will look into partnerships with other banks for its investment bank.

French TV production group Banijay launched on Tuesday a $2.373bn-equivalent financing package, consisting of secured and unsecured bonds, a term loan and a revolver, to pay for its takeover of Endemol Shine, a Disney- and Apollo-backed Dutch production company.

FCA Bank launched a €750m two year bond on Tuesday that was increased to €850m and three times subscribed, as syndicate desks prepared for a lacklustre few weeks in the corporate primary market.

Nederlandse Waterschapsbank and the State of Brandenburg took advantage of a lack of euro SSA supply this week to bring well subscribed deals on Tuesday. The Asian Development Bank will be looking to follow with a 10 year euro benchmark on Wednesday.

Fastighets Balder, the Swedish property developer, dipped into the euro bond market for a sub-benchmark issue on Tuesday and was rewarded with more than seven times subscription.