UBS

Erste Group Bank has mandated leads for its inaugural additional tier one transaction, which will be its first issuance of capital notes since it failed to pay the coupon on legacy tier one debt at the end of 2014.

Public sector borrowers are taking advantage of some of the best conditions in the dollar market all year to print jumbo sized deals at the tightest spreads to US Treasuries in months.

In the latest signs of ill health among banks, which have experienced a rough ride in capital markets this year, UBS analysts on Tuesday named BBVA, Svenska Handelsbanken and Standard Chartered as their least preferred names in a sector that is now cheaper than every other, apart from autos, after a damaging earnings season.

Indonesia’s Cikarang Listrindo has kicked off bookbuilding for its IPO, which could raise up to $357m, with the deal already covered by anchor investors, said a source close to the deal.

The UK Debt Management Office has picked the banks that will run its next syndication, scheduled for the week beginning May 23.

Hong Kong based Sun Hung Kai has announced the minimum yield for an exchange offer that will switch bondholders out of the firm’s 2017 notes into newer ones due 2021.

Groupe Bruxelles Lambert, the Belgian investment holding company, won a bigger than expected take-up for its buyback of bonds exchangeable into shares of Engie this week.

The Asian Infrastructure and Investment Bank may follow other SSAs to the Kangaroo market.

US biopharmaceutical firm Johnson & Johnson on Wednesday issued a four tranche bond, including 19 year notes, amid much competition in a market that absorbed 17 deals this week.

UBS has appointed Damien Brosnan and Peihao Huang to the newly created positions of co-heads of ECM solutions for Asia, effective from last Friday.

Fullerton Health’s planned $200m IPO will no longer feature Morgan Stanley as one of the leads, leaving JP Morgan and UBS as the two banks handling the Singapore-bound listing.

Hong Kong financial investment firm Sun Hung Kai is in the market soliciting interest for an exchange offer that will see holders of its 2017 bonds switch to new notes maturing in 2021.