UBS

CRH, the Irish building materials group, breezed through the new issue market on Wednesday with a deal of more than €1bn in euros and sterling.

Credit Suisse chief executive’s decision to scrap return on equity targets adds a dose of reality to a measure that is virtually impossible to use as a comparative benchmark for performance, writes David Rothnie.

Bank of East Asia (BEA) executed a landmark trade this week, completing Asia’s first dollar liability management exercise into a Basel III instrument. With old style bank capital instruments losing capital value, market observers hope there will be more such transactions, writes Rev Hui.

Baosteel Hong Kong Investment Co sold a $500m exchangeable bond this week at terms that were aggressive even at the bottom end. Bankers clashed over whether the mandate process, conducted like an accelerated bookbuild, was good for the market, writes John Loh.

Logan Property Holdings Co raised HK$1.55bn ($200m) from a top-up placement on November 25, which was well received despite investors’ lack of familiarity with the company.

OCBC has hired David Cheng from Deutsche Bank to be head of corporate finance. He will run the Singapore bank’s equity capital markets, M&A and equity syndication teams.

Logan Property Holdings Co raised HK$1.55bn ($200m) from a top-up placement on November 25, pulling off a successful trade despite the huge chunk of shares on sale and investors’ lack of familiarity with the company.

CRH, the Irish building materials group, breezed through the bond new issue market on Wednesday with a deal of over €1bn in euros and sterling.

Gategroup, the airline catering services company, has completed the syndication of its €250m term loan.

Baosteel Hong Kong Investment Co priced Asia’s first H-share equity-linked offering since 2007 on Tuesday, selling a $500m exchangeable bond that bankers are hailing as a market opener.

A careful build up helped Veneto Banca raise €200m in tier two debt on Tuesday, as the bank looks to improve its capital position ahead of a share sale in 2016.

Swiss lender UBS has promoted Edmund Koh to lead its Asia Pacific wealth management business from next year.