UBS

Credit Suisse has appointed David Krap as head of Northern European M&A.

Sportswear firm Xtep International Holdings has raised HK$1.37bn ($175m) after increasing the size of a top-up placement on the back of strong new and existing shareholder demand.

Real estate developer China Vanke Co has raised HK$7.81bn ($994.3m) from a placement of new shares, its second tap of the Hong Kong market.

Holders of Inmarsat’s 6.5% 2024 high yield notes are recommended to take profits, as the board of the UK-listed satellite company recommended an LBO offer from a consortium of investors. Barclays, Bank of America, and UBS are arranging a $3.625bn term loan and a $600m-equivalent multicurrency revolver to fund the deal.

Abegg Holding, the Swiss family office for Annina Müller‐Bodmer, gave the market an extremely rare liquidity event on Monday night by selling its entire stake in Huber + Suhner, the Swiss maker of fibre optic cables, for Sfr152m ($153m) following a prolonged share price rally.

Investors looking at the multi-billion euro listing of Italian payments company Nexi are largely comfortable with the country’s political environment, focusing more on whether its private equity sellers will seek too high a price.

Chinese influencer platform Ruhnn Holding has kicked off bookbuilding for its Nasdaq IPO, targeting up to $135m in proceeds.

Medacta, a manufacturer of orthopaedic devices, was covered within hours of setting the terms on its Swiss IPO, valuing the company at up to Sfr2.08bn.

Barclays is under pressure from activist investor Edward Bramson to slim down its investment bank. But among top European IBs, it made the second highest amount of revenue in Europe, the Middle East and Africa in 2018, according to new research. The results were less promising for Deutsche Bank, however.

Bank of Georgia is in the market with its first ever additional tier one bond on Thursday, offering a generous yield but keeping the size down.

China’s Minsheng Financial Leasing Co reintroduced bonds backed by loans to the Asian market this week, but the revival of such a rare structure for the region comes with challenges and concerns.

With many Asian companies readying their earnings in their respective blackout periods, a trickling of Chinese property bonds have kept debt investors busy.