UBS

UBS has appointed Karen Chen to head its wealth management and interbank business arm in China. The Swiss bank has given her the role of president of UBS (China) Ltd after getting the approval of the China Banking Regulatory Commission (CBRC).

Mitra Keluarga Karyasehat has priced Indonesia’s largest IPO since 2011, raising Rph4.45tr ($338m) in a deal that saw investors pile in to get their hands on the hospital operator’s stock.

Filipino lender Metropolitan Bank will raise Ps32bn ($727.98m) in its largest follow-on with a rights issue to be launched later this month.

Just one month on from pricing the year’s first bond from a Chinese developer, Shimao Property Holdings has returned to tap its 2022s for up to $300m, encouraged by the bonds strong secondary market trading.

DFS Furniture had its first day of trading on the London Stock Exchange today, after pricing its £206m IPO, multiple times covered, on Friday.

Alpha Trains, the Luxembourg-headquartered European rolling stock leasing company spun out of Angel Trains, has mandated banks for a debut bond issue.

Kinder Morgan, the US oil and gas pipelines company, sold €1.25bn of bonds on Monday in its inaugural euro deal.

The euro senior market was off to a quick start on Monday, with Allied Irish Banks and Deutsche Bank opening the market with five and 10 year deals.

Bankers working on the Indonesian IPO of Mitra Keluarga Karyasehat are guiding investors to the middle of the price range offered during bookbuilding, at which level the hospital operator would raise Rph4.26tr ($327.2m).

Mandarin Oriental International plans to hit the equity capital market next month for a $316m rights issue in a bid to de-gear its balance sheet.

Euro covered bond issuers launched benchmarks this week and showed the unrelenting momentum in the compression of spreads has continued unabated.

Nord/LB attracted a large and well diversified book for its inaugural benchmark sized €500m no grow five year public sector Lettre de Gage on Monday.