Morgan Stanley

UBI Banca became the first Italian lender to print tier two capital this year on Wednesday, laying the foundations for more periphery capital to follow.

Seadrill is in the market to sell an up to MR814m ($208m) block of shares in Malaysia’s SapuraKencana Petroleum via sole global co-ordinator and bookrunner Morgan Stanley.

South Korea’s Kakao Corp has broken a drought in Asia’s equity-linked market by printing a W230bn ($199.9m) exchangeable bond on Monday, with the deal denominated in won but settled in dollars.

A long-time investor in Nexteer Automotive Group raised HK$559.8m ($72.2m) from an accelerated share sale on Monday, in what has been an eerily quiet market for block trades in Hong Kong.

Alibaba Group Holdings has wound up its latest five year bullet at an increased size of $4bn after attracting robust demand during general syndication.

Numis Securities’ bold block trade in Saga shares on Thursday night has catapulted it into the top 10 in Dealogic’s equity capital markets league table for 2016.

Norwegian Air Shuttle (NAS), the low-cost airline, could become the first Nordic borrower to issue this year in the European high yield bond market.

BOC Aviation has begun investor education for its $2bn IPO in Hong Kong, with pre-marketing expected to continue into the early part of next week, said a source close to the transaction.

PQ Corp, the US inorganic chemicals producer, and Inovyn, the UK-headquartered chorvinyls producer — both partly owned by Ineos, the petrochemicals company — are marketing over $2bn of refinancing debt over the coming days.

The first quarter results of the major US firms show in detail just how painful the early volatility in the year has been, with double digit percentage point declines in multiple business lines.

European Central Bank president Mario Draghi kept his powder dry at his latest monetary policy meeting on Thursday, sending eurozone government bond yields higher — something that is likely to be welcomed in the offices of the European Stability Mechanism.

Books were several times oversubscribed and new issue premiums often dropped to zero this week, ahead of an ECB move that was widely expected — but everybody is aware that market backlashes do happen.