UBS

UBS has announced it is setting up a new capital structure advisory team, focused on corporates and led by ratings advisory co-head David Bend.

China Railway Rolling Stock Corp unveiled a rare H-share convertible bond on Monday, raising $600m with what is only the second deal in the format in nine years.

Lippo Karawaci has announced the minimum yield for a new dollar-denominated senior offering due 2023, as it aims to switch holders out of a 2019 bond into a longer four year deal.

Heathrow, London’s largest airport, printed its second Swiss franc bond on Monday, surprising bankers away from the deal with its timing.

Hua Han Health Industry Holdings is eyeing the international bond market for the first time, having mandated one bank to work on a dollar-denominated deal.

UniCredit has offered to buy back up to €1.8bn of subordinated bonds mainly held by retail investors for the third time this year, as it looks to clean up its capital structure.

Only one lender is understood to have made a commitment to join China Shengmu Organic Milk’s $120m three year facility, which has been in syndication since December.

The latest push lower in oil prices caused additional pain for investors this week after forced liquidations in two levered exchange-traded notes (ETNs) linked to the energy sector locked in losses just as oil prices marked fresh multi-year lows.

Compagnie de Financement Foncier had been expected to open books for a 10 year benchmark on Wednesday, but postponed the deal blaming market conditions. Rival bankers said the long tenor was the wrong choice for the weak market.

Veritas Technologies, the US software firm that Carlyle Group is buying from Symantec, will aim to complete a revised $7.4bn sale next week after failing to secure financing in November.

KEB Hana Bank battled choppy markets with its first international outing after its merger. As volatility heightened during bookbuilding, the lender opted to scale back the size of the deal in exchange for tighter pricing.

South Korea’s KEB Hana Bank has gone live with the first international bond since its merger, launching a dollar deal on Wednesday morning.