UBS

British Airways is refinancing $1.25bn of credit facilities in a deal that is separate from the €1.4bn loan its parent company, International Airlines Group, is using to buy Aer Lingus.

It’s a case of a high-profile issuer garnering support from equally eminent investors, as Legend Holdings, the conglomerate that owns Lenovo, launched its Hong Kong IPO that could raise as much as HK$17.5bn ($2.3bn).

Shares and rights of the two Italian banks going through recapitalisation rights issues made big moves again on Thursday, but bankers believe the deals for Banca Monte dei Paschi di Siena and Banca Carige will still succeed.

Labco, the French medical diagnostics company, plans to refinance all of its bonds with a new €800m issue. It agreed in May to be bought by private equity firm Cinven after pulling an IPO at the last minute.

Service Industriels de Genève, a public sector mixed utility provider, returned to the Swiss franc market for the first time in more than 15 years on Thursday.

Shandong Weigao Orthopaedic Device Company has put its $300m IPO in Hong Kong on hold after Morgan Stanley, one its joint sponsors, allegedly dropped out as a lead banker, potentially delaying the listing by at least a few weeks.

Spie, the French electrical, telecoms and technical services group, has made a successful start to its life as a public company, with an IPO increased to €939.1m and a good start to trading.

Permira Debt Managers has hired David Hirschmann as head of private credit for its direct lending fund.

UBS has hired Brian Smith as country head for South Africa and head of investment banking for sub-Saharan Africa.

Legend Holdings, the conglomerate that owns Lenovo, has started testing investor demand for its $2bn IPO in Hong Kong, with the high-profile trade attracting a beeline of investors interested to come on board as cornerstones.

UBS has made two senior appointments to boost its China operations. Eugene Qian to take over as head of its country operations in China. Qian, while Di He has been named as chairman of the bank’s securities arm in China.

Sivantos, the renamed spinoff of Siemens Audiology Solutions, has launched a repricing of a €785m leveraged loan backing its buyout by EQT, which closed last December.