UBS

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.

Korea Expressway Corp made up for its recent disappointment in dollars with a tightly priced Swiss franc debut on Tuesday.

The Central American Bank for Economic Integration (Cabei) tapped the Swiss franc market for the second time in less than two weeks on Wednesday with a Sfr115m ($120m) long eight year.

United Internet — Vimpelcom — Geberit

Heavyweight borrowers Citigroup and Westpac Banking Corp printed deals tailored to capture investor preference for short-dated paper in the US market this week.

Geberit, the Swiss bathroom fittings maker, has allocated its Sfr1.29bn (€1.07bn) loan for the purchase of Sanitec, a Finnish competitor. Five Swiss and five foreign banks are in the deal.