UBS

Wells Fargo printed an impressive second Swiss franc deal for the year on Thursday, attracting strong demand not only from retail and private banking investors but also asset managers, insurance and pension funds.

The Swiss Federal Council has announced a higher leverage ratio of 5% for Credit Suisse and UBS, as well as outlining how it plans to bring in total loss absorbing capital (TLAC) rules for the two banks.

China Reinsurance priced Hong Kong’s third largest IPO of the year at the top of the range to raise HK$15.58bn ($2.01bn), drawing an outpouring of interest from global investors. The trade has buoyed hopes among ECM bankers, as they seek to put a sullen summer behind them.

Assicurazioni Generali SpA brought made periphery central on Tuesday, taking advantage of an otherwise empty session to secure strong demand for its tier two paper.

China Reinsurance priced Hong Kong’s third largest IPO of the year at the top of the range to raise HK$15.58bn ($2.01bn), drawing an outpouring of interest from global investors. The trade has buoyed hopes among equity capital markets bankers as they seek to put a sullen summer behind them.

KfW has found stronger than expected demand after tapping the belly of its Kangaroo bond curve, as a Canadian province printed at the long end in the format.

Senior SSA bankers are fretting that situations such as this week's clash between two Dutch agencies, which drove one of the pair to pull its deal, could become unavoidable, writes Craig McGlashan.

SNS Bank raised hopes of more capital issuance when it named leads for a euro denominated tier two transaction on Thursday but the trade may be a tough sell.

Intertrust, the Dutch corporate and trust services company, made its debut on the Amsterdam stock exchange today (Thursday) after pricing its €486m IPO near the bottom of the range on Wednesday.

Rentenbank has responded to pent-up demand for Australian dollar paper with the largest long dated Kangaroo bond from a public sector borrower since July.

SNS Bank named leads for a euro denominated tier two transaction on Thursday. The trade may be a tough sell, bankers thought, but brought some hope for future capital supply.

Intertrust, the Dutch corporate and trust services company, has closed the book for its IPO, which is set to raise at least €522m.