UBS

China Reinsurance’s HK$15.6bn ($2.01bn) listing in Hong Kong is multiple times covered, with the leads on the deal telling investors that pricing is expected in the upper half of guidance.

The third largest takeover is on. Brewer SABMiller has agreed to be bought by Anheuser-Busch InBev for £68bn, in a deal that shows continued investment confidence in Africa — one of the main attractions of SABMiller for InBev, which is weak in the continent — bucking the trend of pullback from emerging markets.

China Construction Bank sealed a successful offshore renminbi bond on October 12, marking the first time it has listed dim sum notes in London. The trade is set to breathe new life into the CNH market, which had been shut for more than two months following a devaluation of the currency.

UBS launched on Monday evening a sale of 6.368m shares in Applus Services, the testing and inspections business that floated in Madrid last year.

Swiss commodity trader Gunvor is building momentum for around $1bn of refinancing loans, with commitments due by the end of the month.

China Reinsurance opened its HK$15.6bn ($2.01bn) IPO with a bang on Monday, putting around half the deal in the hands of cornerstones and sending out a covered book message just hours after launch.

China Construction Bank is set to price the first offshore renminbi bond in more than two months, which bankers say is part of the government’s initiative to open up the dim sum bond market. The notes will also mark the first CNH deal under the newly established NDRC rules.

Beijing Automotive Group (BAIC) is planning to issue its first G3 bond, having mandated four banks to arrange a series of investor meetings starting this week.

Hengtou Securities priced its HK$1.54bn ($198.32m) IPO at the wide end of guidance on October 8, with support coming mostly from Hong Kong and Chinese investors.

The Singapore Exchange (SGX) has picked UBS as the general counterparty for its upcoming over-the-counter (OTC) electronic bond trading platform called SGX Bond Pro.

Nomad Foods' €285m incremental cov-lite term loan illustrates how the leveraged loan market has widened, bankers have claimed.

UBS today appointed Jasper Tans and Javier Martinez-Piqueras as co-heads of European equity capital markets and corporate solutions.