UBS

Equity block trade business came back to life this week, as sellers hastened to monetise stakes before the US presidential election.

China’s Huishang Bank Corp sealed a lucky $888m additional tier one transaction on Thursday. The deal was not only the Chinese lender’s inaugural dollar-denominated AT1 but also the first from a city commercial bank in the country.

HNA Group affiliate Avolon Holdings has wrapped up a $8.5bn debt financing for the acquisition of the aircraft leasing business of CIT Group, with five lenders joining the trade.

Caja Rural Navarra is planning the first green covered bond of the year. It follows a trio of covered bonds issued by Australian banks and the first transaction to be issued from Nordea in more than a year.

The Hong Kong Securities and Futures Commission has fired a warning shot at banks, with both Standard Chartered and UBS being investigated for their roles as IPO sponsors. The move has left other banks wondering which one will be next and comes at a time when the IPO market is teetering. John Loh reports.

Russia’s Domodedovo Airport on Thursday morning set initial price thoughts for a new five year dollar bond.

October’s $500bn deal bonanza may have been the biggest monthly total for over a decade but global M&A actually peaked a year ago, writes David Rothnie.

China’s Huishang Bank Corp rolled out its inaugural dollar-denominated additional tier one bond on Thursday, the first from a city commercial bank in the country.

Hong Kong’s IPO sponsors are in the spotlight for all the wrong reasons as Standard Chartered and UBS face investigations by the city’s regulator. As a former IPO banker and joint author of the study manual for sponsors, our columnist Clawback is perfectly placed to delve into the pitfalls for banks.

Wuhan Metro Group and Jiangsu Zhongguancun are the latest Chinese corporates to launch inaugural dollar bonds, while Huishang Bank has issued a mandate for additional tier one, it’s first offshore transaction.

UBS's investment bank posted a 68% year-on-year drop in pre-tax profit in its quarterly results on Friday. The bank also warned it could face the possible suspension of its Hong Kong corporate finance licence over its role as sponsor on certain initial public offerings in the country.

Shares in Ahlsell, the Swedish wholesaler of plumbing and electrical installation products, have traded strongly since its Skr6bn ($671m) Stockholm IPO, ending Thursday 13% above their IPO price.