UBS

Lower rated property developers from China are firmly back on the menu for fixed income investors with Fantasia Holdings Group the latest to try its luck on May 27.

Eli Lilly, the US pharmaceuticals company, made its euro bond debut on Tuesday, printing seven, 11 and 15 year notes and proving that the market is still open for longer dated paper — at a price.

HTSC pulled in a staggering $60bn in gross demand for its HK$34.72bn ($4.48bn) IPO in Hong Kong, giving the Chinese brokerage and securities house claim over the world’s second largest listing so far this year.

Italy’s Banca Monte dei Paschi di Siena will on Monday launch a long-awaited rights issue to close a capital shortfall identified by European banking regulators last October.

Keppel Infrastructure Trust priced the placement tranche of its S$525m ($397m) fundraising near the low end of guidance on May 21, with the deal getting a more than 2x covered book amid strong institutional interest.

Aubélia Louédin, an emerging markets syndicate banker at UBS, has been put at risk of redundancy by the bank, GlobalCapital understands.

While banks have engaged in some genuinely appalling conduct and been punished for it, the quantum of fines has become seriously disconnected from — well, anything. It is not just bad for bank shareholders, it is bad for regulatory credibility.

Sinochem printed the first ever Swiss franc deal from a Chinese corporate, and did so inside its dollar curve on Thursday thanks to strong demand from local asset managers.

Total leveraged its status as a repo eligible name in Switzerland to achieve tight pricing on a new Sfr200m ($214m) 12 year Swiss franc bond on Thursday.

UBS arranged on the evening of Thursday May 21 the sale of a 0.8% stake in media group Daily Mail and General Trust, raising £26.6m for the selling shareholder, DMGT's chairman Viscount Rothermere.

Transurban tapped the euro bond market for a long 10 year on Thursday. It drew a healthy order book, but not as large as that of Electricity Supply Board’s issue on the same day, prompting some bankers to wonder if European issuers might have a home advantage.

Dealers representing more than 60% of the foreign exchange market have pleaded guilty to criminal charges in the US. Citi, JP Morgan, Barclays, Royal Bank of Scotland and UBS have all entered guilty pleas over their foreign exchange conduct on Wednesday.