UBS

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.

Goldman Sachs has not given up on its Fixed Income Global Structured Covered Obligation (Figsco). The market has moved in Goldman’s favour since the deal was first announced, despite the bad publicity around the trade.

Chinese clean energy firm ENN Energy Holdings managed to tap the offshore market for $400m on October 15, even though volatile markets meant joint global co-ordinators HSBC and UBS were only able to gather a modest order book.

Supranationals and agencies are eyeing deals in Australian dollars and could come before the week is out, following a curve extending bond from the Australian sovereign, although turbulent capital markets could make some pause for thought.

Commodity trader Gunvor has launched a $900m dual tranche revolving credit facility into syndication. The loan replaces one tranche of a deal signed in 2013.

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 buying Corialis.