UBS

The recent turnaround in market sentiment could feed into a busy start for FIG borrowers in the second quarter, but Danske Bank was the only financial institution to take advantage in euros this week, soaking up demand for its tightly priced five year senior deal.

UBS has joined a growing list of European banks ramping up their senior holding company level issuance in 2016, printing a large three tranche deal in dollars as demand for the product surges.

Finnish property investment firm Sponda has completed its €221m rights offering, which it first announced in late February and which will be used to partially repay a bridge loan.

VAT Vakuumventile launched on Thursday morning the bookbuild for its Zurich listing. The deal, Switzerland’s first IPO of the year, could give the vacuum valve maker a valuation of up to Sfr1.38bn ($1.4bn).

Citi has lost its vice-chairman for Asean corporate and investment banking Tracey Woon, who is joining UBS in the third quarter of 2016.

Wang Xiao Zhou, who heads up loan syndication and product portfolio management at Bank of China, is leaving for a new position with Bank of China Group Investment (BoCGI).

The Republic of the Philippines is getting ready to meet investors to provide them an update on recent economic developments and performance.

UBS has joined a growing list of European banks ramping up their senior holding company level issuance in 2016, printing a large three tranche deal in dollars as demand for the product surges.

Christopher Fok, a member of the equity syndicate team at UBS in Hong Kong, left the Swiss bank last week.

Yunnan Provincial Investment Holdings Group (YIG) attracted strong demand for its maiden dollar bond on Wednesday as its link to China’s provincial government worked in its favour.

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.