UBS

Andrea Orcel, former chief executive of UBS Investment Bank, has been named Santander’s group CEO from early 2019. It’s the ultimate client-side move for Europe’s top FIG banker.

RAG-Stiftung, the German foundation created in 2007 to support the discontinuation of the country’s coal mines, opted to a block trade alongside an exchangeable bond to sell a 7% stake in Evonik Industries, the German speciality chemicals company, for €1bn.

Telecoms company Swisscom offered the Swiss franc bond market 10 year paper on Monday.

Exyte, the German company that designs and builds high tech facilities such as laboratories and factories, has unveiled its plans to go public on the Frankfurt Stock Exchange in October, having filed an intention to float document on Monday.

Nestle, Électrcité de France and BP have led a stampede to the dollar market ahead of an expected rate hike by the Federal Reserve next week, as credit markets shrugged off trade wars between the US and China.

Glencore financial entered the Swiss franc bond market on Thursday, raising Sfr175m with a six year bond. The deal was smaller than previous issues in the currency from the Anglo-Swiss commodities company, but was inside dollar funding levels.

Four Chinese high yield issuers sealed bonds on Wednesday, when a total of nine deals were priced in the primary market in Asia ex-Japan, making it the busiest day in the region in months.

Credit Suisse has for decades called first place in Swiss franc bonds its own. But as the fourth quarter approaches, arch-rival UBS is defending a potentially insurmountable lead over its sparring partner, thanks largely to its success bringing Canadian and Korean borrowers to the market this year.

Sulzer, the Swiss maker of industrial machinery, has made a Sfr15m ($15.5m) profit on a block of shares it acquired in April from its former majority owner, Renova Group, to escape economic sanctions imposed on Russian companies and individuals by the US Treasury’s OFAC.

A private equity investor sold down its stake in South Korea’s Celltrion Healthcare on Tuesday evening to raise W401.3bn ($356.4m), with the shares so highly coveted that all orders had to be reined in aggressively.

Sulzer, the Swiss maker of industrial machinery, is in the blocks market tonight with a Sfr608m sale of its own treasury shares that it acquired from its former majority shareholder, the sanctioned Russian conglomerate Renova, in April.

The Philippines’ Security Bank Corp offered a decent premium over its domestic peer to woo investors to its $300m bond offering on Monday.