UBS

Delek Group, the Israeli energy conglomerate, has allocated the €655m loan that backs TDR Capital’s purchase of its petrol station and convenience store operations in Benelux and France.

Extensive preparation and cheaper pricing saw Jingrui Holdings to the finish line when the single-B rated property re-attempted a debut dollar issue on Friday, August 1. The Chinese borrower had returned to the drawing board after its first stab at the five year non-call three offering in May failed to garner enough investor interest, writes Isabella Zhong.

China Merchants Bank returned to the bond market on Tuesday but this time the proceeds of the deal will go to its subsidiary CMB Leasing.

Telecommunications giant Bharti Airtel is selling a 2.4% stake in its majority-owned subsidiary Bharti Infratel, with early indications from investors already enough to suggest that the Rp11.25bn ($183.4m) offer-for-sale (OFS) will get done.

Westpac New Zealand broke more than a month of silence from international issuers in the Swiss franc market on Tuesday, selling a new six year print. The deal was priced around flat to outstanding paper, with investors starved of primary and secondary supply willing to take the aggressive level.

China Merchants Bank made a return to the bond market on Tuesday, August 5 but this time the proceeds of the deal will go to its subsidiary CMB Leasing.

UBS has reorganised its debt capital markets operation, handing Fabio Lisanti, global head of DCM, responsibilities for a group of public side bankers in the remodelled DCM Client Solutions division.

China’s big four banks have finally started issuing Basel III debt in size onshore in what is expected to be a huge supply of deals. Bank of China and Industrial and Commercial Bank of China are first put of the blocks and could soon be heading offshore as well.

Jo Jo Thirasilpa has joined DNB Markets, the Norwegian investment bank, where he will work as a director in fixed income origination team in London.

Mark Yallop, UK CEO of UBS, will join the Bank of England's Prudential Regulatory Authority board as an independent member, starting in December. He is joined by Sandra Boss, an investment banking director at McKinsey, who starts in September.

Extensive preparation and cheaper pricing saw Jingrui Holdings to the finish line when the single B rated property reattempted a debut dollar issue on Friday. The Chinese borrower had returned to the drawing board after its first stab at the five year non call three offering in May failed to garner enough investor interest.

Jingrui Holdings has brought back a debut dollar deal that was put on ice two months ago as a result of poor market conditions. This time around, the single B rated borrower is flanked by a larger group of bookrunners and came out with more generous initial pricing for the five year non call three on Friday.