UBS

John Wade resurfaces at Mizuho — MUFG names new co-head of Asia corporate banking — GS loses equities bankers — Credit Suisse Apac head of equity-linked retires

Cheung Kong Infrastructure Holdings hit the market on Wednesday morning local time, marketing a new subordinated perpetual non call five fixed-for-life dollar transaction.

Chinese biopharmaceutical company Zai Lab has appointed a pair of firms to lead its US listing, as a host of other Mainland companies also prepare to float across the Pacific.

UBS has brought one of its most seasoned executives in Asia out of retirement to take up a senior position in the investment banking unit.

LVGEM (China) Real Estate Investment Co grabbed $225m on Tuesday from its debut deal, taking measures to mitigate any fears of failure by securely anchoring the deal.

Indian telecommunications group Bharti Airtel has raised Rp25.7bn ($403.2m) after offloading a stake in its tower unit Bharti Infratel, selling the shares near the bottom of guidance.

LVGEM (China) Real Estate Investment Company and HNA Group company Tianjin Tianhai Investment Co are wooing buy-side accounts. The former opened books for its debut on Tuesday and the latter is understood to be holding investor meetings.

Lima Corporate, the Italian maker of orthopaedic implants, kept the euro high yield new issue market in motion with a floating rate bond deal, which, unusually, will be used to refinance the loans that funded its buyout by EQT from Ardian.

China Chengtong Holdings Group priced its inaugural $500m bond on Tuesday, hitting the market as it transitions under a pilot programme for state-owned enterprises. Investors debated fair value for an unrated credit that is somewhere between a corporate and a financial, reports Morgan Davis.

LVGEM (China) Real Estate Investment Company is preparing its first international bond, mandating eight banks to work on the transaction.

Italian maker of orthopaedic implants, Limacorporate, cancelled its bond roadshow in continental Europe on Wednesday, as investor demand from its London meetings accelerated the pricing of a deal to refinance a loan with floating rate notes.

High yield issuers Future Land Holdings Co and China Logistics Property raised a combined $300m from their bonds on Tuesday. But the borrowers saw different outcomes. While investors continued to be attracted to property names, making Future Land’s deal 10x covered, they were less responsive to debutant CNLP.