UBS

China Construction Bank broke the pricing record for the Asian additional tier one (AT1) sector this week, raising $3.05bn with a headline coupon of just 4.65%. Although this was the lowest coupon ever achieved by an Asian bank in the AT1 market, investors were more than happy to pour into the trade.

Inner Mongolia-based China Shengmu Organic Milk is testing appetite in the syndicated loan market for a $120m three year facility and is offering banks an attractive yield of more than 300bp.

The equity-linked market in Europe has been quiet since Total SA’s $1.2bn deal on November 25, but on Wednesday a very different deal was executed successfully by Basilea Pharmaceutica, a small and still unprofitable Swiss drug company.

Repsol, the Spanish oil producer, issued a €600m five year 2.125% bond today, in a torrid week for commodity markets, to finance a buyback of some Talisman Energy bonds.

Unitymedia, one of Germany’s largest cable operators, launched a €420m senior secured high yield bond today.

UBS has replaced Fabio Lisanti, head of debt capital markets and client solutions, with one of its most senior bankers.

Corporate bond bankers are busy, for this time of year. While they are usually up for doing deals, it is clear investors, too, are in no hurry to close their books for the year, but are keen to buy paper, despite the let-down of the European Central Bank’s lukewarm QE boost last week.

Chinese brokerage house Everbright Securities is eyeing a listing in Hong Kong, having filed a preliminary prospectus on Tuesday with the city’s bourse.

China Construction Bank (CCB) has launched what is most likely to be the last high profile bond of the year in Asia, opening books for a dollar-denominated additional tier one offering on December 9.

Bank of Zhengzhou has signed on about six cornerstone investors to anchor the bulk of its HK$5.56bn ($717.42m) IPO in Hong Kong, as the leads look to kick off bookbuilding on a strong note.

The Central American Bank for Economic Integration (Cabei) sold its second Swiss franc deal for the year on Monday, drawing demand from Swiss asset managers.

Inner Mongolia-based China Shengmu Organic Milk is testing appetite in the syndicated loan market for a $120m three year fundraising.