UBS

Chinese brokerage house HTSC was the toast of the town as it opened books on Monday, with the HK$34.72bn ($4.48bn) IPO attracting a whopping 13 cornerstone investors that included some of Asia’s tech luminaries.

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

Beijing State-owned Assets Management (BSAM) and ICBC's Dubai branch are venturing out into the dollar bond market for the first time.

China’s decision to lower its deposit as well as lending rate on May 10 has prompted a recovery in the country’s capital-hungry real estate industry. And China Aoyuan Property Group is looking to take advantage of the improved sentiment to price a three year bond on May 18.

China Minsheng Banking Corp (CMBC) made its debut in the dollar bond market on May 14 and, thanks to strong demand from Chinese banks, it was able to price tighter than its better rated comparable — and bulk up the size.

Despite choppy markets leading to a quiet week for corporate issuance, the pipeline remains strong with several new issuers announcing roadshows for deals set to be launched this month.

Banca Monte dei Paschi di Siena is set to launch its long-awaited rights issue, for up to €3bn, later this month, after the European Central Bank gave approval for the deal on Wednesday.

The opportunity to buy into one of China’s largest private conglomerates, Fosun International, was too good to miss as keen investor participation propelled the company to take up an upsize option and raise a chunky HK$9.30bn ($1.20bn) from an accelerated bookbuild on May 11.

China Minsheng Banking Corp (CMBC) Hong Kong and Agricultural Bank of China (ABC) New York have opened books to debut dollar notes on May 14, a week after China Merchants Bank (CMB)’s New York made a debut on the back of strong demand.

Three years on from taking over at UBS Investment bank and Andrea Orcel has overseen a transformation in its fortunes. Now he’s looking to rebuild its US business, writes David Rothnie

Swiss Prime Site, Switzerland's largest listed commercial property company, this week launched a Sfr424m ($456m) rights issue to support its growth plans.

Belfius Bank is now the sixth bank in the capital deal pipeline, and there is growing concern that persistent rates volatility will make it hard for them to avoid running into each other in the primary market.