UBS

Veteran Chinese dealmaker Henry Cai is said to be considering leaving Deutsche Bank after four years with the firm.

Repsol, the Spanish oil and gas company, has issued a €500m 12 year bond, extending its maturity profile by five years and only had to pay a small new issue premium, according to a banker.

Preliminary results of UBS’s share exchange are in, showing that the Swiss bank has been successful in creating a holding company, UBS Group AG, at the top of its corporate structure.

Huadian Fuxin Energy Corp has raised HK$1.72bn ($222m) through a private placement of H-shares to a group of 10 investors, with the company’s sector of operation winning the favour of the market.

Korea East-West Power Co (EWP) provided a strong end to what has been a mixed year for Korean credits, selling a $500m 5.5 year bond on November 24. Investors thronged to the quasi-sovereign, which benefits from favourable government policies, at one point helping the order book reach eight times subscribed.

Bond investors are facing yet another blockbuster bank capital deal just a month after Bank of China’s $6.5bn additional tier one (AT1) with Industrial and Commercial Bank of China (ICBC) set to launch its own trade later this week. While ICBC is likely to lose out in size, it is planning to steal the spotlight by executing a triple-currency transaction including a record beating offshore renminbi offering.

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

Bank of New Zealand and Rabobank sought to revive the senior unsecured market on Monday following a wobbly patch at the close of last week when syndicates pulled several deals. Both issuers took to the belly of the curve, BNZ looking for euros and Rabo dollars.

Korea East-West Power Company has opened books for what it looks to be the country’s last offshore bond this year. The five and half year 144A/Reg S bond had attracted an order book of $1bn by Monday afternoon.

Shareholders in Chinese online retailer JD.com, which listed on the Nasdaq in May in a $1.78bn IPO, are looking to sell their holdings in a follow-on offering expected to raise $500m. The trade is only possible because the underwriters of the IPO have waived the lock-up period.

Chinese company Sinopharm Group raised a chunky HK$5.55bn ($715m) through a private placement of shares to nine investors over the weekend, with its stock sliding by around 6% on Monday’s trading session.

Funeral services provider Nirvana Asia started testing investor appetite for a Hong Kong IPO that could raise as much as $300m on November 24, with bookbuilding expected to kick off early next week.