UBS

HSBC found strong demand for an eight year senior bond from its holding company on Tuesday, mirroring UBS’s recent reopener and revealing a potential opportunity for banks’ looking to issue more deeply subordinated debt.

China’s Yestar International Holdings Company and South Korea’s Nonghyup Bank have kicked off investor meetings for their respective bond offerings.

UBS this week priced a 10 year senior unsecured bond from its holding company that was described as an "absolute blowout", and which has improved prospects for tier two issuance.

ANZ New Zealand and Natixis Pfandbriefbank have mandated leads to roadshow euro denominated covered bonds.

A surfeit of supply hit the long end of the covered bond curve this week as issuers piled in to take advantage of extraordinarily cheap funding conditions that are unlikely to last long. Bill Thornhill reports.

Motherson Sumi Systems has appointed ICICI Securities, IDFC, IIFL, JM Financial and UBS as the leads on its qualified institutional placement, which is expected to raise $400m-$450m.

Hemant Sabherwal, a Hong Kong-based director of equity capital markets at Deutsche Bank, has left the German lender.

UBS and three other banks are working together to apply blockchain technology to making payments and settling transactions in financial markets.

UBS has priced a 10 year senior unsecured bond issued from its holding company which was described as an "absolute blowout."

Doosan Bobcat is expected to start gauging sentiment for its $1bn-$2bn IPO in South Korea immediately after the securities registration statement is filed on September 8, according to bankers on the deal.

Deutsche Bank is set to issue the third German Pfandbrief of the week after mandating leads for an ultra-long benchmark. Meanwhile, Deutsche Pfandbriefbank (PBB) has priced the fifth dollar Pfandbrief of the year.

China Orient Asset Management Corp is set for a new five year dollar bond, opening books for the deal on Tuesday morning.