UBS

Swiss chocolate maker Lindt & Sprüngli returned to the bond market for the first time in nearly 15 years on Wednesday with a bumper Sfr1bn triple-tranche transaction.

French reinsurer Scor ended a long hiatus from the euro market on Thursday, selling a perpetual subordinated deal to a warm reception. The deal stood in contrast to one from Dutch insurer ASR Nederland earlier in the week, which struggled despite juicy pricing.

Belgian aluminium products group Corialis has changed pricing and terms set during initial guidance on its €483m acquisition loan.

Industrial and Commercial Bank of China (ICBC) priced its inaugural Swiss franc deal on Thursday, becoming the third Chinese borrower to debut in the currency this year.

It’s been a week of strong activity in India’s equity capital market, with a raft of public and private issuers gearing up to tap into the positive momentum surrounding Indian names.

Hana Bank brought to market what is only the second ever dollar denominated new-style bank capital deal from South Korea on Thursday, September 25. The bank is offering a RegS/144A 10 year bullet tier two issue.

Hong Kong’s Chong Hing Bank managed to navigate a tight issuance window in the week of September 15 to tap the market with what is only the second US dollar denominated AT1 trade from an Asian lender. The $300m perpetual non call five transaction proved to be such a hit with investors that books ended up more than 16x covered, which allowed the lender to shave 25bp off the pricing of its closest comparable.

The Swiss bank is executing on its plans to upgrade its UK business and boost its ranking, writes David Rothnie.

Belgian aluminium products group Corialis has changed pricing and terms set during initial guidance on its €483m acquisition loan.

Dutch insurer ASR Nederland on Wednesday became the first issuer to sell sub debt this week. The issuer suffered from lacklustre demand for a perpetual non-call 10 deal, which some syndicate bankers attributed to the glut of debt issued by Dutch rivals already this year.

Southeast Asia’s largest e-payment firm MOL Global is set to become the first Malaysian company to list in the US, opening books on September 24 for a Nasdaq IPO of $283m.

UBS has brought its futures business under the fixed income umbrella in New York as it continues the move away from principal-based trading to an agency model.