UBS

Central China Securities Co wrapped up a HK$2.53bn ($327m) placement on July 24, allowing its shares to resume trading on Monday after what had turned out to be a longer-than-usual bookbuilding process.

UBS will begin issuing TLAC-eligible holding company debt in the third quarter of this year, when it also plans to return to the additional tier one (AT1) market it debuted in earlier this year.

China Railway Signal & Communication Corp (CRSC) hit the road for its HK$14.00bn ($1.81bn) IPO in Hong Kong on July 27, launching the trade with a covered book and putting half of the offering in the hands of a whopping 16 cornerstone investors.

Bluefield Partners, the UK investment adviser focused on solar power infrastructure, is pressing on with its bid to float a fund, Bluefield European Solar Fund, despite the failure of a similar deal today.

J Sainsbury, the UK supermarket chain, raised £500m of hybrid capital on Thursday with twin issues of a convertible bond and a regular hybrid bond.

UBS has added to its emerging market credit sales capabilities with a hire from Mizuho.

The primary market for peripheral European covered bonds leapt back to life this week after a 12 week hiatus, with investors queuing up to buy a series of deals that emerged in quick succession.

Fiat Chrysler Automobiles put to rest rumours about the bank group working on its much-hyped spin-off of Ferrari, the Italian luxury sports car manufacturer, on Thursday, as it announced that two European houses and one American one were to lead the transaction.

RWE, the German power company, sold its second hybrid capital bond of 2015 on Thursday — unusually choosing the Eurodollar market — to garner demand from yield-hungry investors in Asia and Switzerland.

Ado Properties, the Berlin-focused residential property company, priced its relaunched IPO on Wednesday at the bottom of its price range. The shares fell 2.5% on their debut on Thursday.

Nationwide Building Society stood out on another busy day in the covered bond market, shaking off three rivals to print a €1bn mortgage backed bond on Thursday in line with Lloyds and Bank of Nova Scotia.

In what was hailed as a momentous, perhaps record breaking, week in high yield finance, Japanese telecoms operator SoftBank took the crown by raising the year’s biggest Asian offshore high yield deal, writes Victor Jimenez.