UBS

Of the five IPOs due to reach completion this week, Norway’s B2 Holding finished its bookbuild today and Dong Energy has put out final guidance. Van Lanschot has also just revised its guidance. The other two — ASR Nederland and Basic-Fit — have still to refine their original price ranges.

Chinese conglomerate, Citic, raised $1.25bn from dual-tranche dollar notes, which were its first outing to the dollar bond market since changes to its structure nearly two years ago. The markets were still jittery but the issuer was able to live up to its name value by effortlessly raising the target amount and saving costs.

An executive director who quit the loans syndicate and distribution team of Standard Chartered in April, has joined UBS.

Koninklijke BAM Groep, the Dutch construction company, raised €125m on Monday with a rare subordinated convertible bond issue, which becomes its only traded debt instrument.

Dong Energy has narrowed the price range for its IPO, cutting off the bottom end of the range, after a banker on it said: “it’s about as strong an IPO as we’ve seen in a long time”.

Chinese broker Citic Securities is out with its first outing since October 2014, having opted for a dual-tranche offering split between a 5.5 year and a 10 year tranche.

GlobalCapital is delighted to announce the winners of its Americas Derivatives Awards for 2016. The results were revealed at a gala dinner at New York’s Metropolitan Club on June 2. Thank you to everyone who supported the event by attending and for taking part in the pitches that decided who were the best and brightest in US, Canadian and Latin American derivatives over the last 12 months.

Aetna proved the resilience of the dollar market by printing a $13bn M&A trade with no new issue premium on Thursday, coming just days after the busiest ever month for US high grade bond issuance in May.

The race is on for India’s first insurance IPO as ICICI Prudential Life Insurance lines up banks for its up to $400m float.

Veneto Banca’s IPO bookbuild will begin on June 8, but hopes of it achieving its flotation in Milan are dim. “At the bottom of the price range, there are cheaper Italian banks,” said one banker on the deal, encapsulating the problem.

The wave of rights issues and capital raisings in the market this summer is so far going smoothly, with good news this week for Banco Popular Español, as its shares and rights perked up in trading.

The Asia ex-Japan block trade market took flight this week as three overnight share sales priced on Wednesday, two of which were executed by Morgan Stanley and one by UBS.