UBS

Three banks are looking to join a $120m dividend recap loan for diesel engine component maker ASIMCO Technologies. One has board approval for the transaction, while two have credit approval and are awaiting board approval, said a banker.

Another rash of block trades appeared in the European market this evening, though not as many as yesterday’s seven. The crop of four deals was led by a trade of €350m in Belgian nappy maker Ontex, where private equity groups TPG and Goldman Sachs are selling down after its IPO in June.

Siemens Audiology Solutions has enjoyed early commitments and well attended bank meetings in New York and London to market its €1.06bn loan and bond package to lenders.

Shareholders in JD.com have raised $619m by selling some of their holdings in the Chinese online retailer, in a deal that was increased in size from the launch amount. There was no price sensitivity among investors, who clamoured for stock even as the share price spiked by 9% during bookbuilding.

After many days in which bankers have wondered why more sellers were not bringing block trades to what are very strong equities markets, today a burst of deals hit the screens.

Heavy demand for Unitymedia's €785m bond issue on Tuesday turned it into a €1bn and $550m offer that still left some investors wanting more.

Nirvana Asia opened books for its HK$2.28bn ($294m) IPO on Tuesday, December 2, offering the shares at a level on par with some of its closest comparables. And despite the busy week for the Hong Kong Stock Exchange, interest among investors for the Malaysian funeral services provider is already very strong, say bankers.

Hong Kong-based telecommunications company M800 has started investor education for its IPO, as it looks to raise $150m before the end of the year.

BAIC Motor Corp, which has joint ventures with brands such as Mercedes and Hyundai, has stared educating investors about its $1.5bn-$2.0bn Hong Kong IPO that is set to open books on December 8.

Chinese passenger vehicle manufacturer BAIC Motor Corp is to start tapping investor interest for an up to $1.5bn IPO in Hong Kong on Monday after receiving listing approval.

Siemens Audiology Solutions, the hearing aid maker, has launched a €1.06bn bond and cov-lite loan package that will back its buyout by EQT.

Bank of New Zealand and Rabobank navigated a tricky senior unsecured market for financials this week, selling the only deals of the week on Monday.