UBS

Banco Popular Español postponed a sale of its second additional tier one (AT1) deal after launching the deal into a sell-off in the AT1 market that became progressively worse over the course of the morning. The Spanish bank was looking to issue the transaction at a level market participants said was surprisingly aggressive.

Zurich Insurance cast a wide net to catch as many investors as possible with its first senior Swiss franc print of 2014 on Tuesday, offering three tranches to sell a total Sfr600m ($670.8m) of fixed and floating rate notes.

Times Property Holdings made its third appearance in the international bond market this year on July 9, with a Rmb900m dim sum. The substantial handle attracted strong support from yield hungry investors and enabled the borrower to price well inside its existing curve.

The telecoms branch of Spanish gas utilities group Gas Natural Fenosa is expected to launch a €295m term loan ‘B’ on Friday to finance its takeover by Cinven.

Banco Popular Español postponed the sale of its second additional tier one (AT1) deal after launching the deal into a sell-off in the AT1 market that became progressively worse over the course of the morning. The Spanish bank was looking to sell the transaction at a level market participants said was surprisingly aggressive.

Luye Pharma Group made a promising start to life on the Hong Kong Stock Exchange, shooting up by 13% in its trading debut on July 9 as the healthcare sector found favour among investors.

Chinese passenger vehicle manufacturer BAIC Motor Corp has filed its preliminary prospectus for a Hong Kong IPO, in a deal that will raise between $1.5bn and $2bn.

E-commerce platform provider Cogobuy Group opened books for its HK$1.54bn ($200m) IPO on July 4, with the 343m shares being pitched at a big discount to its closest comparable, HC International.

A Siliconware Precision Industries shareholder sold its entire stake in the Taiwanese company on July 9, raising NT$13.5bn ($451m) via a block trade that was priced at the bottom of guidance.

A €655m loan has been launched to back the sale of Israeli energy conglomerate Delek Group's petrol station and convenience store operations in the Benelux and France to private equity firm TDR Capital.

Zurich Insurance opted to cast a wide net to catch as many investors as possible with its first senior Swiss franc print of 2014 on Tuesday, offering three tranches to sell a combined total of Sfr600m ($670.8m) of fixed and floating rate notes.

UBS has launched a new delta hedged short volatility strategic index that seeks to replicate a series of short S&P 500 options, allowing investors to earn implied vs realized volatility via one total return swap.