UBS

Swiss private bank Julius Baer will hold roadshows for its second ever Swiss franc tier bond next week, building on a solid week of issuance in the currency from domestic financial institutions.

South Africa's FirstRand Bank made its Swiss franc debut on Tuesday afternoon, becoming the second issuer from the country to tap the market in recent years. The investor bid was strong enough for the issuer to follow up with a swift increase the day after pricing.

7-Eleven Malaysia Holdings opened books for its MR732m ($226m) IPO on Thursday, safe in the knowledge that more than half the transaction has already been covered by cornerstone investors.

Non-US investors are hungry for dollar paper, as UBS builds a big book for its Reg S tier two contingent convertible bond, even as Santander taps the dollar market for its $1.5bn additional tier one.

China Cinda Asset Management made its dollar debut on Wednesday night with a $1.5bn dual tranche bond. Although negative sentiment on China led dealers to take a cautious approach with initial guidance, the trade was able to land inside fair value after pricing tightened by 25bp.

Jingrui Holdings announced guidance on its debut dollar bond at 13.625% on May 7, the highest coupon on any dollar bond in Asia this year.

Beijing-based China CNR Corp started receiving bids for a HK$11.3bn ($1.46bn) IPO on Wednesday, offering its shares at a tidy discount to its closest comparables. Demand is expected to be high, so much so that bankers have taken the unusual move of asking the regulator to cap the retail clawback.

Bank of Beijing picks two for jumbo float — Qingdao Port tests waters for IPO — GF Securities dispels listing rumours

State-owned China National Nuclear Power (CNNP) is planning to raise Rmb16.25bn ($2.64bn) from a Shanghai listing in what could be the largest A-share IPO since August 2010.

Swiss private bank Julius Baer is gearing up to sell its second ever tier one capital note, mandating banks on Thursday to organise a roadshow marketing a Swiss franc deal.

The Eurodollar bond market is misty and unreliable terrain, but the expert navigator is Nestlé. The Swiss foods group proved its sure command of the territory on Wednesday with a $650m issue – the first in the market for about eight months.

Finma, the Swiss regulator, has set out new capital standards for UBS and Credit Suisse, covering the “too big to fail” capital buffer. As a result, UBS will need capital totalling 19.2% of risk weighted assets, while Credit Suisse will need 16.7% by 2019.