UBS

YPF, the B3/B rated oil company that was nationalised by the Argentine government just four years ago, took the Swiss franc market into what one syndicate banker called “unchartered territory” with a three year deal on Friday.

India’s equity capital markets started the week on a positive note, with the first private sector insurance company beginning to take orders for its IPO.

Deutsche Bank is at real risk of failing to pay coupons on its additional tier one instruments, as a potential $14bn US RMBS settlement threatens to erase the bank's available distributable items (ADIs). Outstanding DB AT1 securities reacted accordingly last Friday, shooting nearly 200bp wider.

Postal Savings Bank of China and its potential HK$62.7bn ($8.1bn) IPO got off to a roaring start due to hedge fund demand. Oversubscribed on day one, it is on track to be the world’s largest IPO in two years. But an order book so far dominated by regional names is about to get a lot more global as management leaves Hong Kong for roadshows in the UK and US. Jonathan Breen reports.

Nets, the largest digital payments processor in the Nordic region, has announced the price range for its Copenhagen IPO, which values the business at up to $4.8bn, almost double the price its private equity owners Advent and Bain paid for the company in 2014.

ANZ New Zealand took advantage of a slight back-up in yields and a scarcity of seven year covered bonds to issue a well oversubscribed deal on Tuesday.

Bank of Nova Scotia returned to the covered bond market for the second time this month and the sixth time this year, opening books for its second dollar benchmark of 2016 and the fifth from a Canadian issuer.

Postal Savings Bank of China has started taking orders for a Hong Kong IPO that could be worth HK$62.7bn ($8.1bn). Set to be the world’s largest float in two years, the deal is going to add about $130m in fees to the underwriters’ coffers.

India’s Motherson Sumi Systems has increased the size of its qualified institutional placement to Rp20bn ($300m) on the back of strong investor interest, despite hitting the market immediately after Yes Bank pulled its transaction.

RWE, the German utilities group, will float its renewables and power distribution business Innogy on the Frankfurt Stock Exchange in the fourth quarter, the company said in an intention to float document on Monday morning.

Yes Bank has pulled what could have been India's largest qualified institutional placement this financial year, citing extreme volatility in the market.

Postal Savings Bank of China will raise up to HK$62.7bn ($8.1bn) via its Hong Kong IPO after setting the price range, putting it on track to be the world’s biggest listing in two years.