UBS

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’.

Jingrui Holdings has been forced to put its dollar offering on hold after as bad news from the Chinese property sector deterred investors. But while bankers are solely blaming the macro backdrop, the company is small, high leveraged with a concentrated business model.

Online retailer JD.com is setting its sights on a $1.7bn Nasdaq listing having started receiving bids for the largest US flotation yet of a Chinese tech firm on May 12. The timing of 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 but a coincidence.

China’s Tianhe Chemicals Group started talking to investors in regards to a Hong Kong IPO on May 12, which could be worth around $1bn, according to bankers on the trade.

Bank of America Merrill Lynch has appointed Patrick Porritt as the lender’s new head of Asia Pacific Financing Institutions Group (FIG), according to an internal memo seen by GlobalCapital Asia on May 9.

Silicon wafer fabrication firm Inotera Memories raised $418m from a Global Depositary Receipt offering on May 8 tapping the markets at a time when its Taiwan-listed shares are at an all-time high.

Santander and UBS both took to the Reg S market on Thursday to sell subordinated debt to dollar hungry European and Asian investors.

UBS released first quarter results on Tuesday, extending a run of weak opening-quarter results from financials with a 41% decline in investment banking profits.