UBS

China Travel Service (Holdings) Hong Kong (HKCTS) returned to the market for the first time since 1996 to price a dual tranche dollar bond. Despite its complex business model meaning that the leads had to spend a considerable amount of time educating investors, the book was eight times subscribed.

Korea Expressway Corporation, China Travel Service (CTS) and Tewoo Group are all out in the market with new dollar bonds. The Korean government related issuer (GRI) was last seen in April this year and adds to a relatively busy month for Korean issuers. CTS, on the other hand, has not been in the market since 1996.

German property firm TLG Immobilien successfully placed €360m of its shares on the Frankfurt Stock Exchange on Thursday, in this week’s only IPO in Europe.

Stockland, one of Australia’s largest property developers, on Thursday launched the first green bond from an Australian issuer. The €300m bond, rated A-, was sold into a European market that had recovered well from a bout of turbulence last week, and was fully placed with high quality investors. But it was no blowout.

Stockland, one of Australia’s largest property developers, on Thursday launched the first green bond from an Australian issuer. The €300m bond, rated A-, was sold into a European market that had recovered well from a bout of turbulence last week and was fully placed with high quality investors. But it was no blowout.

State-owned mining group Korea Resources Corporation (KoRes) took advantage of relatively stable market conditions on Thursday to notch a record low coupon on its inaugural Swiss franc bond.

Indonesian taxi operator Blue Bird Group became a victim of weak global market conditions last week, which forced it to shrink its IPO by 33% despite books being covered within hours of launch.

UBS has appointed new heads for its leveraged finance business, following the departure of Giles Borten and Allison Howe from its EMEA operation.

An investor in German car manufacturer BMW sold €198m of shares on Monday night, but the deal was unlikely to inspire other block trades, bankers said, as the equity markets remain highly volatile.

Indonesian taxi operator Blue Bird Group became a victim of weak global market conditions last week, forcing it to shrink its IPO size by 33% despite books being covered within hours of launch.

Hebei opens books for offshore debut China’s second largest steel maker, Hebei Iron & Steel Group, is looking to tap the offshore debt market for the first time, opening books to a credit enhanced dollar bond on October 20.

Corialis, the Belgian aluminium windows maker, is expected to close the book for its €483m leveraged loan on Monday evening, after lenders won significant concessions from Advent International, the private equity firm that is buying it.