UBS
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OC Oerlikon, the Swiss high tech manufacturing company, issued its second ever bond on Tuesday. Investors flocked to buy the five and 10 year paper, reaffirming the issuer’s credentials after a difficult period following the financial crisis.
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Georgian TBC Bank is set to be valued at up to $765m as it starts bookbuilding on the country's second ever IPO on Monday, after an investor education period spent calming investors' worries about the region. -
Chinese car manufacturer BYD Company, which counts Warren's Buffett's Berkshire Hathaway as one of its many investors, raised HK$4.3bn ($550m) via the issuance of primary shares on May 23.
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UBS has promoted Matt Hanning as head of its corporate client solutions (CCS) Asia Pacific, replacing Matthew Grounds who will focus on Australia as the bank replaces its top tier management for investment banking and reshuffles its leadership team for Australasia.
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Sharlyn Wu, an executive director at UBS’ corporate client solutions unit has left the Swiss lender, according to a source close to the move.
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China’s largest container port operator for crude oil and iron ores, Qingdao Port International, started receiving bids for its HK$2.92bn ($377m) IPO on May 26. But by coming out with a fixed price, a shortened three-day bookbuild, and a covered book message, investor participation is expected to be limited for this friends and family IPO.
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Beijing Automotive Group (BAIC) is looking to make a debut in international bond markets as it hits the road for a potential offshore renminbi issue.
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Chinese leasing company UT Capital made its debut in international bond markets on Thursday with a three year dim sum backed by a keepwell agreement from parent Haitong Securities.
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UBS has continued the revamp of its European corporate finance operations with the appointment of a new head of its mergers and acquisitions department in the region.
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Eurozone periphery issuers showed themselves to be resilient when tackling choppy markets, as borrowers printed a series of strong deals despite yields pogoing over the course of the week.
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Julius Baer, the Swiss private bank, sold its second additional tier one capital deal on Tuesday afternoon. The issuer was able to price an oversubscribed trade at the tight end of guidance as Swiss and Asian investors seized on the deal's attractive coupon.
