UBS

The primary market for subordinated bank bonds came alive in March after a tumultuous start to the year. But as financial institutions head into the second quarter, market participants suggest the lid could be lifted on total loss absorbing capacity issuance plans in the next few months, writes Tyler Davies.

BNP Paribas took advantage of a lull in issuance this week to launch a dollar additional tier one transaction, following in the footsteps of UBS, which reopened the market with a blowout last Monday.

Asia's debt market was crowded on Wednesday with three issuers on the hunt for their respective fundraisings ahead of the Easter holiday.

After a decade in which they’ve suffered dismal profits, multiple IPO suspensions and a near-disastrous crash in A-shares, China’s foreign-backed securities houses are finally seeing the fruits of their labour. Now a pair of banks, including HSBC, are joining the fray with a new type of joint venture, setting the stage for another industry shake up. John Loh reports.

Gategroup, the airline food services company, has increased the size of a revolving credit facility after an amendment operation, giving the company greater financial headroom.

Yunnan Provincial Investment Holdings Group (YIG) is set to go on the road for a series of investor meetings as it seeks to gauge interest for a possible dollar bond.

As further news of banks being unofficially asked to stay out of arranging a Russian sovereign bond was leaked this week, gas giant Gazprom entered the Swiss franc market and drew one of the largest ever books for a note in the currency, demonstrating the pent up demand that exists for Russian paper.

Gazprom printed its Sfr500m bond on Wednesday from a Sfr2bn book, one of the largest ever for an international issuer in the Swiss franc market.

GlobalCapital announces the results of its Equity Capital Markets Awards for 2015, following our inaugural ECM Awards Dinner, in London on March 16.

Pascal Guttieres, a managing director and head of block trading, global capital markets, for Asia ex-Japan at UBS, has left the bank.

AMTD Group has successfully wrapped up its debut outing to the international debt market, selling a $110m three year trade on Wednesday.

A spectacular spectrum of FIG issuers stormed into the bond markets this week as the European Central Bank’s latest round of stimulus squeezed spreads tighter and investors finally caved in to the bulging pipeline of deals. With Easter fast approaching, there is little sign of issuance slowing, writes Tyler Davies.