UBS

China SCE Property Holdings has returned to the dollar bond market, raising $350m from a five year non-call three deal that saw yield-hungry investors clamouring to jump on board.

Korea National Oil Corp (KNOC) has mandated six banks to prepare for the first outing to the offshore debt market this year. Although nothing has been decided on the upcoming notes, the borrower is expected to return before November 2015, when its existing bond comes up for maturity.

New issue premiums of between 20bp-40bp have helped recent FIG borrowers mitigate large intra-day pricing moves as the market reacts to the torrent of mixed signals from Greece.

Hong Kong IPOs took centre stage in Asia ex-Japan ECM this week, as two healthcare-related names went live on June 22 while Legend Holdings and Red Star Macalline Group Corp priced their deals at the top end of expectations.

UBS is on track to print a five year senior note and had orders approaching €2bn for the third drive-by trade of the week.

Bond issuers in Asia are rushing out to meet investors with Beijing Energy Investment Holding (BEIH), China Overseas Land International and Shanghai Construction Group on the road.

Implenia, the Swiss construction company, showed the advantages of the convertible market for issuers wanting to issue subordinated debt, with a highly successful Sfr175m deal that shared the market with Ingenico on Tuesday.

Ufinet, the telecoms unit of Gas Natural Fenosa (formerly called GNF Telecom), has pulled a repricing of its €295m leveraged loan, in a sign that the market's repricing wave may be breaking.

ABN Amro shrugged off Greece concerns and surprised the market with a blowout tier two trade on Tuesday, drawing €8bn of orders from a starving market.

Legend Holdings has lived up to its name with its Hong Kong IPO, raising an impressive HK$15.10bn ($2bn) before greenshoe via a deal that saw no price sensitive investors but only those ready to gobble up the Lenovo owner's stock.

Europe’s leading stocks soared 4% on Monday, as hopes rose of a deal between Greece and its creditors. But there was little concrete reason for stocks to rally, and it may have been a sign of the fragile confidence in this rise that no shareholders chose this evening to sell blocks of stock.

Ufinet, the telecoms unit of Gas Natural Fenosa formerly called GNF Telecom, which was bought by Cinven last year, is seeking to cut the margin on a €295m leveraged loan it allocated last July.