UBS

Nexi, the Italian payments company, launched its long-awaited flotation on the Italian stock exchange on Monday — and investors are already eager to take a slice of the listing.

Chinese property company Fujian Yango Group Co raised $150m from a quick 1.5 year bond sale on Thursday, after a rocky start to the year.

Emirates NBD brought its first additional tier one (AT1) bond to market on Wednesday, printing the Middle East’s largest deal in the format. Now others in the emerging markets are set to follow.

Hong Kong’s securities regulator has fined Bank of America, Morgan Stanley, Standard Chartered and UBS after investigations into the banks’ sponsorship of a series of IPOs. The Swiss bank has also had its sponsor licence revoked for a year. Jonathan Breen reports.

The Bank of Georgia has mandated banks for an additional tier one deal — its debut in the format.

Medacta, the Swiss maker of artificial human joints, has begun a process to list on the SIX Swiss Exchange before Easter. If it succeeds, it would be the first major company to complete an IPO in Europe this year.

Telefónica, the Spanish telecoms group with €55bn of debt, came to the euro market on Tuesday to refinance two of its hybrid capital bonds. It launched a tender offer for the pair, which now total €1.3bn, and a hybrid new issue to replace them, tacking on opportunistically a 10 year senior bond issue.

Xinhu Zhongbao Co, Suning Appliance Group Co and Chengdu Communications Investment Group Corp kept up the steady supply of Chinese credits in the dollar market, raising $440m between them.

Futu Holdings, the parent of Hong Kong-based Futu Securities, has pulled off the first IPO by a Chinese online brokerage. The company was on track to raise $160m on Thursday after making a late change to the deal, cutting the size of its float and adding a private placement to an international fund. Jonathan Breen reports.

Chinese internet company Ruhnn Holdings is planning to list American Depository Shares (ADS) on the Nasdaq.

Two emerging market borrowers familiar to investors returned to the Swiss franc market this week, injecting some geographical diversity into the sector.

Fantasia Holdings, a property developer in China, priced a Rmb1bn ($149m) 1.5 year dim sum bond on Tuesday. But the issuer had to pay 11.875% to get the deal done.