UBS

Landesbank Hessen-Thüringen (Helaba) tapped the three year leg of its dual tranche issue from May on Thursday morning, mirroring the syndication strategy it used to tap the deal’s seven year leg in July — aggressive pricing and doubling the size of the issue.

UBS hires for FIG DCM - Hentschel quits SocGen - First Gulf poaches Aissaoui - Saini departs Morgan Stanley - Karwelies joins UBS from BAML

Petron Corporation Employees’ Retirement Plan (PCERP) sold a Ps4.37bn ($100m) stake in Petron Corp on August 18 with a block that was driven by residual demand from a transaction five months ago.

UBS benefited from its rarity in Australian dollars to sell a hefty dual tranche five year print on Wednesday. The scarcity of senior paper from the issuer allowed it to price its first deal in four years at the tight end of guidance

China Oceanwide Holdings Group is meeting investors in Hong Kong this week. While the meetings are technically a non-deal roadshow, investors said the borrower was looking to finance an acquisition.

UBS is set to make a rare appearance in the Australian dollar market on Wednesday with leads offering guidance on a dual tranche five year print. The trade follows a Kangaroo sale at the long end of the curve from Wells Fargo, priced on Tuesday.

Petron Corporation Employees’ Retirement Plan (PCERP) sold a Ps4.37bn ($100m) stake in Petron Corp on August 18 with a block that was driven by residual demand from a transaction five months ago.

Matthew Karwelies, an equity derivatives sales official at Bank of America Merrill Lynch, has joined UBS.

UBS has moved to fill a recent gap in its financial institutions group’s debt capital markets business with a hire.

Upcoming changes to credit default swap (CDS) definitions could have a positive effect on the contingent convertible securities (CoCo) market, allowing investors to buy CDS protecting against the conversion of tier two securities into equity for the first time. The new hedging options are expected to tighten spreads in the CoCo market and could help to avoid dramatic sell-offs.

Giles Borten, co-head of EMEA corporate debt capital markets and sole head of EMEA leveraged finance at UBS, has left the bank, according to an internal memo seen by GlobalCapital.

BNP Paribas hires capital structurer - Citi appoints EQD head - Reinhart to join UBS for FIG - JPM takes on City veteran