UBS

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.

UOB made a strong come back into the Singapore dollar market on May 14, pricing a Basel III compliant tier two bond just two months after tapping the dollar market for capital. Demand from Singaporean investors for the UOB brand, as well as increasing familiarity with the new tier II format meant that the issuer was able to price with no PONV premium.

Online retailer JD.com is setting its sights on a $1.7bn Nasdaq listing, having started taking orders for what is the largest flotation yet of a Chinese tech firm in the US. JD.com’s deal comes hot on the heels of the much publicised IPO application by rival Alibaba, but bankers on the trade have dismissed it as nothing more than a coincidence.

Hainan Airlines opened the books for a three year offshore renminbi transaction on Thursday, with investor demand reaching Rmb3bn ($481m) by late afternoon. The deal will be the first offshore RMB corporate bond to be listed, cleared and settled in Singapore.

China’s Tianhe Chemicals Group started talking to investors on May 12 about a Hong Kong IPO that could be worth around $1bn.

Jingrui Holdings was forced to put its dollar bond on hold this week as bad news from the Chinese property sector deterred investors. But while bankers blame the macro backdrop, the company is small, highly leveraged and with a concentrated business model.

Five FIG issuers took to the subordinated markets to take advantage of months of undersupply this week, with the results highlighting not just the feverish grab for yield but also just how far banks have come since the crisis of 2008 in building their capital levels.

Rabobank and Banque Fédérative du Crédit Mutuel are taking full advantage of one of the best windows for subordinated issuance so far this year to print €4.2bn equivalent in tier two capital across three deals, as total European FIG issuance this week surpasses the €10bn mark.

Kazakhstan Temir Zholy (KTZ), the state rail company of Kazakhstan, mandated banks on Wednesday to arrange investor meetings in Switzerland and Kazakhstan ahead of a possible debut Swiss franc deal. No Kazakh issuer has ever sold Swiss franc denominated debt.

EFG Bank and UBS respectively top the top three regional rankings in Asiamoney's latest Private Banking Poll.

BP issued a $550m Eurodollar bond on Tuesday, reviving a deal that it failed to execute in September, after being encouraged by the success of Nestlé in issuing a $650m Eurodollar last week.

Nets, the Danish payment and information services firm, has set original issue discount guidance at 99.5 for its €1.2bn term loan ‘B’.