UBS
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UBS has hired Andrea Casati to fill the role of head of Asia Pacific ECM syndicate, in a move which sees him rejoining the Swiss bank after almost a decade. -
Gestamp Automoción, the Spanish car parts maker, has begun investor education for what is likely to be the largest European IPO of the year so far, after its Ebitda grew by 10.6% in 2016.
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UBS found healthy demand for a new €1.75bn callable floating rate note on Monday ahead of an eventful mid-week, following Goldman Sachs and Wells Fargo into a strong market for total loss-absorbing capacity (TLAC) eligible floating rate bonds.
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FIG issuance could take a dip in the middle of the week because of potentially market moving events in the US and the Netherlands, though two insurance firms look set to keep primary market investors supplied.
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Shares in Segro, the UK property developer, closed 6% lower on Friday after it announced a £556m rights issue to finance its buyout of Aviva from a joint venture at London’s Heathrow Airport.
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Bain Capital has completed its second block sale of shares in Ibstock, the UK brick maker, since its £354m IPO on the London Stock Exchange in October 2015.
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Swiss healthcare firm Roche returned to its native market on Wednesday with a Sfr1.5bn ($1.49bn) triple tranche trade in the largest ‘Matterhorn’ — a deal of Sfr1bn or more — since its last outing in 2012.
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RAG-Stiftung, the German state-backed foundation set up in 2007 to support the discontinuation of the country’s coal mines, tapped the equity-linked market for a third time on Thursday with a €525m note exchangeable into shares in Evonik Industries, the German speciality chemicals company.
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Singapore-listed Ascott Residence Trust launched a fully underwritten renounceable rights issue this week, as OUE Commercial Real Estate Investment Trust raised funds via an overnight share sale.
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OUE Commercial Real Estate Investment Trust bagged S$150m ($106.3m) in an overnight share sale on Wednesday, fully exercising the increase option.
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Covered bonds issued this week by Axa Bank and Lansforsakringar Hypotek (LF Hyp) were priced at — or inside — fair value, partly reflecting a technical squeeze that was aggravated by the European Central Bank’s move to step up purchases in the secondary market.
