UBS

The momentum in the equity block trade market since the US presidential election has continued this week, with nearly $1.4bn of issuance, as vendors rush to sell assets before the loss of US distribution for the Thanksgiving holiday on Thursday.

Heineken was the first of five corporate issuers on Tuesday to wrap up its offering, in a rush of supply that took advantage of a more stable backdrop in rates markets.

Shares in Dometic Group, the Swedish company that makes fridges and freezers for boats and camper vans, fell 3.6% on Tuesday morning after EQT has sold the last of its shares in the company, through an accelerated bookbuild that was covered in half an hour.

Two senior members of UBS's debt origination and syndication team in Hong Kong have left the bank, according to multiple sources.

Shanghai Dazhong Public Utilities Group Co has launched bookbuilding for its Hong Kong IPO that could raise HK$2.0bn ($257.9m).

Fullerton Healthcare Corp has decided to pull its S$213.3m ($149.6m) IPO after delaying the transaction mid-bookbuild when questions were raised about its business model.

Vodafone’s plans for an IPO of its Indian unit suffered a setback after it wrote down the value of the business by €5bn ($5.4bn) amid fierce competition, saying the float will not happen before March.

Fosun International successfully priced a tap of its existing 2023s on Wednesday, paying a premium to the outstanding deal in line with new market conditions.

Vodafone will not launch an IPO for its India business before March, even as the UK telecommunications giant wrote down the value of its India arm by €5bn ($5.4bn) following mounting domestic competition.

Country Garden Holdings launched a 10 put five dollar deal on Wednesday, marking its second transaction in less than two months, while Fosun International is pursuing a tap of its $300m 2023s.

Australia and New Zealand Bank issued its first euro-denominated covered bond in two years, but with less favourable market conditions investors have become more hesitant, and the deal attracted less than half the demand of one issued two months earlier by its New Zealand subsidiary.

UBS is rejigging its Hong Kong-based corporate finance group (CFG) and its team of junior China-focused country bankers, affecting about 20 staff.