UBS

A veteran primary markets banker has returned to the market after a 20 month hiatus to co-head EMEA corporate debt capital markets at UBS.

Philippine conglomerate Ayala Corp’s blue chip reputation helped it net Ps12.35bn ($275m) in a hotly-received top-up placement on November 19, leading to the final offer being increased from an initial Ps8.98bn.

A merger between CitySpring Infrastructure Trust and Keppel Infrastructure Trust to create Singapore’s largest infrastructure business trust will see the combined entity raising some S$525m ($404.57m) from the equity market. The funds will be used to buy a 51% stake in a power plant for S$510m cash.

Management roadshows have started this week for the Indian government’s divestment of a 5% stake in Oil and Natural Gas Corp (ONGC), expected to fetch around Rp169.50bn ($2.75bn) based on its market capitalisation.

Publicis Groupe's $3.5bn loan for its acquisition of Sapient, the marketing and consulting company, is near closing, according to a banker working on the deal. A syndicate of relationship banks has been invited.

Russia's Uralsib Bank is roadshowing a tier two bond via JP Morgan and UBS, according to a source close to the deal. Meetings for the deal take place on Wednesday and Thursday this week in London and Switzerland.

Shanghai Huayi Company, is due to kick off three-day investor meetings this week in Asia and Europe for its inaugural dollar bond issue. It joins the growing list of provincial SOEs that coming to the offshore debt market.

Playtech, the UK gaming software developer, on Wednesday completed a €297m senior, unsecured convertible bond due 2019.

A busy week in non-core markets saw Rentenbank return to the Canadian dollar market in size, the Central American Bank for Economic Integration (Cabei) price a new Swiss franc deal inside its curve and a quartet of SSAs access the kangaroo market.

Australia and New Zealand Bank on Wednesday issued the tightest ever deal issued by an Australian bank in euros. The five year bond nevertheless offered a decent pick-up to where covered bonds issued by eurozone banks have been priced, and to the issuer’s curve.

Playtech, the UK gaming software developer, on Wednesday completed a €297m senior, unsecured convertible bond due 2019.

The syndication for Swiss bathroom fixtures maker Geberit’s Sfr1.29bn (€1.07bn) loan to buy Sanitec of Finland will be allocated next week, said a banker on the deal.