UBS

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.

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.