UBS

Two MDs within CS’s UK investment banking team have become the latest to resign. Meanwhile its acquirer UBS delayed the appointment of its investment banking management team until the end of July

◆ Strong demand for rare UK insurance name ◆ Note spotted 5bp tighter in the secondary market ◆ Proceeds to fund tender offer for 2024 subordinated note

◆ German lender lands bullet note flat to euros ◆ Helaba attracts granular book on first Swiss visit since 2010

◆ Arb on offer for Canadian funder ◆ Swiss rates curve inverted, but five year demand still strong

◆ First issue since 2014 will pay for tender offer ◆ Bankers expect 'high single digit' handle ◆ Sub note to be replaced a year before maturity

Attractive valuations and deep domestic and international investor demand fuel India’s block market

Spanish funder delivers both price and size as investors flock to shorter tranche

The move reinforces the UK bank's effort to strengthen its corporate and investment bank in EMEA

French corporate ends 11 year absence to land 5bp-10bp inside of euros

Each firm will keep own clients, units in 'multi-year' integration

Hidroelectrica's listing is a marquee moment for the country, but there are concerns it will harm liquidity

◆ WA is the fourth Aussie state to issue a green bond ◆ More labelled Australian SSA issuance to come over the next year