UBS

Cinven has announced its takeover of the telecoms branch of Spanish gas utilities group Gas Natural Fenosa, as the private equity firm seeks to maintain its presence in a sector which has brought it some of its best returns.

Malaysia’s ECM market is set for a huge boost after Public Bank announced it is going to raise MR4.83bn ($1.5bn) from a one for 10 rights issue.

Dalian based real estate developer Yida Property is set to start the premarketing process for a $250m IPO on June 10, according to a banker close to the transaction.

Four market experts answer the following question: How strong is the outlook of India's stock market following the election result?

Irish credits’ appeal in the vanguard of the European recovery was underscored this week as Bank of Ireland attracted more than €5bn of orders for a new subordinated debt issue. The country’s first euro benchmark tier two since the crisis, the 10 year non-call five offering smashed through the lender’s previous pricing — and may well rank as the tightest Irish bank deal of its type, according to bankers.

OP Mortgage Bank on Wednesday returned for the second time this year to issue a €1bn five year covered bond. Despite pricing at the tightest spread for any Finnish transaction in the last five years and with a negligible new issue premium, it still attracted a robust level of oversubscription.

The European leveraged loan market, usually the weaker rival of its larger US counterpart, is punching above its weight as US mutual funds have faltered in their enthusiasm for buy-out debt.

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Zurich Insurance took to its home market on Monday to sell hybrid bonds, feeding Swiss investors’ demand for an asset class that has seen little supply in the first half of 2014. Dutch lender ABN Amro tapped the market the same day, selling a floater at the short end of the curve.

The success of Russian ABH Financial’s bond, printed at the tight end of guidance and with a €350m size that exceeded expectations, is raising hopes that a rejuvenation of the Russian Eurobond market might be imminent, with even US accounts taking exposure to the deal via London branches.

China’s Tianhe Chemicals Group launched its HK$6.34bn ($818m) IPO on June 3, but investors will have to work hard to figure out fair value as there are no direct comparables for the Liaoning-based firm.

China’s largest container port operator for crude oil and iron ores, Qingdao Port International, raised HK$2.92bn ($377m) last Friday via a friends and family IPO.