UBS

Jaguar Land Rover, the UK premium car maker, has dipped for the second time in two weeks into a high yield market awash with demand, leading to lower funding costs.

HKBN — Hong Kong Broadband Network — has delivered a strong boost for the city’s ECM market, pricing its HK$5.80bn ($748m) deal at the top of the range to become the largest IPO on the exchange so far this year. The absence of any sensitivity on pricing meant books were multiple times covered, making allocations very tricky and meaning that 25% of the investors went away empty handed.

Hong Kong Broadband Network (HKBN) is set to price its up to HK$5.80bn ($747.72m) IPO at the upper half of expectations, following a warmly-received bookbuilding process.

Times Property Holdings took advantage of an improving market backdrop for the Chinese real estate sector to print a bigger than expected $280m five year non call three bond on March 2.

German cable company Unitymedia has continued its refinancing run in robust fashion, pricing €700m of 12 year non-call six senior unsecured bonds at 3.75% on Monday.

Chinese real estate company Times Property is back in the dollar bond market following a near one year absence, receiving bids for a five year non call three transaction that was already covered prior to launch on March 2.

Asiamoney is pleased to announce the winners of the 2014 Australia Awards. After suggestions by bankers from global and domestic institutions, we weighed the most impressive deals and banks in the market last year. The decisions were not always easy, but we hope to have picked a series of winners that truly highlight the breadth of potential in Australia's capital market. It was a good year for the overall market; it was a great year for the winners below.

Indonesia’s Mitra Keluarga Karyasehat opened books for its Rph4.71tr ($367m) domestic listing on the morning of February 27, with solid anchor demand ahead of launch providing a strong footing for the IPO.

Six European covered bond borrowers launched deals worth a total €5bn this week and, despite setting new spread records, all were easily digested and performed well.

Crédit Agricole took advantage of a shortage of Swiss franc triple-A supply to launch a tightly priced covered bond on Thursday as part of a dual-tranche issue.

Equity block trade bankers’ hearts may have leapt on reading Wednesday’s headline that AP Møller-Mærsk was planning to sell its 20.05% stake in Danske Bank, worth about €4.8bn at today’s share price.

LBBW and Westpac issued covered bonds in dollars this week, gaining superior funding to what could have been achieved in euros.