UBS

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.

Liechtenstein based LGT Bank tapped the Swiss franc market on Thursday, enjoying strong demand from local pension funds, insurance companies and bank treasury desks.

Beijing Automotive Group (BAIC) has priced the second euro-denominated bond by a Chinese auto company, following a recent issue from one of its peers. Seven firms in total were hired as joint global co-ordinators for the €500m ($552m) deal after the issuer added five more banks to the syndicate to reward them for placing anchor orders.

SNS Bank sold €500m of tier two debt on Thursday, making a convincing return to capital issuance having been expropriated by the Dutch government in 2013.

Swedish lender Swedbank kept Australian dollar supply ticking over on Tuesday, pricing its first bond in the currency since 2008.

Beijing Automotive Group (BAIC) has priced the second euro-denominated bond by a Chinese auto company, following a recent issue from one of its peers. A total of seven firms were hired as joint global co-ordinators for the €500m ($552m) deal after the issuer added five more banks to the syndicate to reward them for placing anchor orders.

There were no new issues in the European FIG market on Monday, but bankers are optimistic that bank capital could return this week.

Golden Meditech has closed its HK$985.70m ($127.19m) rights issue with shareholders taking up just 69% of the transaction, forcing its underwriter to absorb the remaining shares.

Beijing Automotive Group (BAIC) and Rizal Commercial Banking Corp (RCBC) are venturing into the international debt market, opening books for their respective euro and dollar bonds.