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UBS

  • Joyful Horizon, an affiliate of Chinese private equity firm Hony Capital, sold HK$3.75bn ($484m) of shares in CSPC Pharmaceutical Group on May 26.
  • 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.
  • Chinese car maker BYD Company’s strategy to focus on size rather than price helped it raise HK$4.3bn ($550m) from the issuance of primary shares on May 23, an increase from the target of HK$3.2bn. Books were covered before launch, but the company still priced the trade at the bottom of its marketed range.
  • 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 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.
  • Bank of Communications sold its first ever Swiss franc debt on Tuesday, a three year note. The issuer, which was able to double its target size, is just the second issuer from China to access the Swiss debt market.
  • Joyful Horizon, an affiliate of Chinese private equity firm Hony Capital, sold HK$3.75bn ($484m) worth of shares in CSPC Pharmaceutical Group on May 26.
  • Chinese car maker BYD Company’s strategy to focus on size rather than price helped it raise HK$4.3bn ($550m) from the issuance of primary shares on May 23, an increase from the target of HK$3.2bn. Books were covered even before launch, but the company still priced the trade at the bottom of its marketed range.
  • 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.
  • 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.
  • 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.
  • Sharlyn Wu, an executive director at UBS’ corporate client solutions unit has left the Swiss lender, according to a source close to the move.