UBS

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.

In a direct illustration of how far the additional tier one market, and yields on both subordinated debt and that of the European periphery's financial institutions, has come, Banco Popular Español is looking to issue an additional tier one with a coupon likely to be five points lower than where it priced an AT1 deal less than a year ago.

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.

The Swiss Banking Association (SBA) is expecting the establishment of a currency swap line between the Swiss National Bank (SNB) and China’s central bank in a few months, with a renminbi clearing bank appointment to follow.

Luye Pharma Group has priced its HK$5.9bn ($764m) IPO at the top of the range, as the healthcare sector found favour among investors. But heavily subscribed books meant that some accounts ended up empty handed.