UBS

Adecco, the Swiss recruitment and employment agency, highlighted strong demand for corporate bonds in the eight year part of the euro curve on Monday.

BAML has pulled off what few thought possible and drawn level with JP Morgan as top broker to the UK’s blue chips, writes David Rothnie.

Saratoga Investama Sedaya, the Indonesian private equity firm, issued the first exchangeable bond of the year on May 19, printing a $100m five year put three offering that drew strong demand with its rarity.

GlobalCapital presents its annual Corporate Bond Awards 2015. These Awards are determined entirely by a poll of market participants, and celebrate the outstanding issuers, investment banks and rating agencies in the European high yield market between May 2014 and April 2015. GlobalCapital congratulates all the winners and nominees.

Singapore’s Keppel Infrastructure Trust has opened books on an accelerated share sale to raise S$525m ($397m) via a primary placement and preferential offer.

Saratoga Investama Sedaya, the Indonesian private equity firm, has issued the first exchangeable bond of 2015 on May 19, printing a $100m five put three offering that saw its rarity value driving demand.

UBS has paid another $545m in fines for Libor and FX manipulation, as well as pleading guilty to its to wire fraud related to Libor. The bank has provisioned for these fines, and expects to shrug off the payments in its second quarter numbers.

Aviva is considering an extra tranche of subordinated debt even longer than the 30.5 year non-call 10.5 it has already hired banks to sell, while a Norwegian insurer has also mandated in euros.

Three overnight block trades out of Hong Kong found ready buyers when they hit screens on May 19 as investors continued to add to their China exposure and shareholders reaped the rewards of a buoyant market.

HTSC will close books on its jumbo HK$34.72bn ($4.48bn) IPO at 4pm Hong Kong time on May 21, with investors showing few signs of price sensitivity and putting the listing on course to be Asia ex-Japan’s largest IPO so far this year.

China Aoyuan Property Group priced a $250m bond this week, proving that sentiment has improved to the point where the market is ready to embrace lower rated property developers from China.

Beijing State-owned Assets Management (BSAM) successfully printed its first international bond on May 18 on the back of strong demand. Investors piled in to get their hands on a Beijing-linked state-owned entity.