UBS

Manulife Financial has appointed Kai Sotorp as president and CEO of Manulife Asset Management and executive vice president and global head of wealth and asset management. The appointment is effective on or around July 1.

Mortar producer Parex will this week or next launch high yield bonds to back its takeover by CVC Capital Partners, lead bankers have told GlobalCapital.

Julius Baer, the Swiss private bank, sold its second ever AT1 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.

UK financial software provider Ion Trading is increasing a €776m-equivalent March 2013 term loan to €804m.

China Construction Bank (CCB) Frankfurt branch launched the first Frankfurt-issued renminbi-denominated bond from a subsidiary of a Chinese name on Monday morning. The two year transaction, which will clear and be listed in Frankfurt, had attracted more than Rmb1bn ($162m) in orders less than half an hour after books were opened.

Haitong Securities is meeting investors in Hong Kong and Singapore this week for its inaugural dim sum bond.

7-Eleven Malaysia Holdings’ drawn-out pursuit of a listing on Bursa Malaysia ended on a positive note as the MR732m ($226m) IPO priced at the top of its indicative price range on May 16. But with just 8% of the deal eventually placed with institutional investors through a bookbuild, it ended up looking more like a private placement.

Yanzhou Coal Mining (Yancoal) priced a perpetual non call two year hybrid on Thursday to bolster its balance sheet. As slowing economic growth in China fans concerns about the future prospects of the country’s coal industry, the issuer took a cautious approach to structuring and had to pay a hefty premium.

Train manufacturer China CNR Corp priced its $1.13bn Hong Kong IPO close to the bottom of its indicative price range on May 16, a transaction that saw vastly different outcomes for its institutional and retail tranches.

Syndicate bankers hailed a return to form for senior debt this week, following a string of blowout deals. Given a week with no holidays to disrupt the market, financials reacted with gusto and printed around €12bn of senior debt, with investors stepping up to absorb the tide of issuance.

Nets, the Danish payment and information services firm, closed the books on its €1.2bn term loan ‘B’ on Wednesday with no change to its pricing.

Yanzhou Coal Mining has returned to the dollar market and is aiming to sell its perpetual bond. The bond follows a roadshow which wrapped up in Singapore on May 9.