UBS
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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.
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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.
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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.
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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.
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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.
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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.
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LBBW and Westpac issued covered bonds in dollars this week, gaining superior funding to what could have been achieved in euros.
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A trio of issuers took advantage of a lack of senior supply this week to price deals with drastically reduced new issue premiums compared to January.
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India’s Bharti Airtel has raked in Rp19.25bn ($310m) by selling shares in subsidiary Bharti Infratel through an overnight block on February 25. Priced at the bottom of the range, the transaction saw strong interest from European and US investors, thanks to the company’s sector of operation, and also because a private placement executed just a day earlier had helped provide momentum for the trade.
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International Bank of Azerbaijan has printed a final size of $67.5m in euro commercial paper from its new $250m ECP programme, and released distribution statistics for the deal.
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Hong Kong Broadband Network (HKBN) got off to a flying start on Tuesday, February 24, when it opened books for its HK$5.80bn ($747.72m) listing, setting the stage for what looks to be the city’s largest IPO to price so far this year.
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Intesa Sanpaolo drew a bumper book for a seven year senior print on Wednesday, highlighting the strong bid for an asset class that has seen minimal supply in February.