UBS

The Scandinavian bank returned to the Swiss franc market with a new eight year senior unsecured benchmark bond on Tuesday, following strong demand from local institutional investors

BNP Paribas sold its last remaining shares in Klépierre, the French property company, for €829m on Monday night, in an accelerated bookbuild.

Increased market volatility in foreign exchange, derivatives and equities has driven improved investment bank results at UBS. The same volatility has hurt earnings at several other banks reporting this week.

UBS announced the future sale of a euro denominated holding company transaction this week, as UK and Swiss banks look to get investors on board with the shift of issuance away from operating companies.

UBS has promoted veteran bankers Saurabh Beniwal and Joseph Chee as co-heads of corporate client solutions (CCS) for Asia, with both having worked at the firm for 15 years, according to an internal memo seen by GlobalCapital Asia.

The cancellation of the IPO of EDF Luminus, a Belgian subsidiary of Électricité de France, was caused by the Belgian shareholders’ unhappiness with the price available from a flotation.

Worldpay, the UK payments processing company, on Thursday sold its first bond issue, a €500m deal — in what could be the busiest string of seven trading days since July, with four more deals roadshowing.

China State Construction Engineering Corp has picked seven banks to arrange a roadshow ahead of its return to the offshore debt market.

Swiss insurer Ace Group printed the US market's biggest insurance deal of the year with a $5.3bn four trancher to help finance its $28.3bn acquisition of Chubb.

Another IPO fell by the wayside on Monday when Electricité de France and other shareholders decided not to proceed with floating EDF Luminus, which claims to be “the number one challenger in the Belgian energy market”.

Three issuers launched covered bond benchmarks in euros this week, down from nine in the previous week, as borrowers anticipated an improvement in market conditions and lower new issue concessions.

Goldman Sachs and Sumitomo Mitsui Trust raised $500m of five year funding this week using a novel triple recourse special purpose vehicle called SumitG.