UBS

The Basel III reforms will create a 4% capital shortfall across the banking sector that could be covered in close to three years, according to analysts at UBS.

Hong Kong-based infrastructure company CK Infrastructure sold its first euro corporate bond issue on Tuesday, despite having owned a variety of utilities and infrastructure companies across Europe for more than seven years. The response was solid if not overwhelming.

Indian hospital operator Shalby launched bookbuilding for its up to Rp5.05bn ($78.4m) IPO on Tuesday after putting a portion of stock in the hands of anchor investors.

French insurance broker Financière CEP and UK frozen food producer Nomad Foods have launched refinancing offerings to increase the size of existing debt.

Alpha Holding, which specialises in consumer and SME lending in Mexico and Colombia, has named leads for a dollar bond.

EN+ Group, the Russian power and metals company controlled by Oleg Deripaska, rose more than 2% in Moscow trading on Monday morning after posting its first results since its $1.5bn IPO in early November.

UBS wrapped up its total funding for 2017 with a $4.3bn trade that cemented a record year for dollar FIG supply.

Europe's IPO market may be winding down, with only small, niche deals still being announced, but block trades are popping. This is likely to lead to a nail-biting finish in the league table race.

Koninklijke Philips, the Dutch healthcare technology company, sold a 12% stake worth €564m in its spun-off subsidiary Philips Lighting on Tuesday through its third accelerated bookbuild in the stock. It was priced at a 3% discount at €32 a share, but traded down on Wednesday and Thursday.

Apax Partners has halved its stake in Sophos, the UK cyber-security software company, to 11.2% with a £315m accelerated bookbuild led by UBS on Monday night.

Chinese financial services provider Far East Horizon priced a subordinated perpetual bond on Monday, grabbing an open issuance window ahead of heavy expected supply. Its deal came with a rather unique structure to qualify for equity credit from the rating agencies.

India’s Lodha Developers International netted $125m on Monday from a tap of its bonds sold back in 2015, using its recent development and growth story in the London market to hook investors.