UBS

The wealth management arm of UBS has promoted Amy Lo to head its Hong Kong business, taking over from Allen Lo, who is retiring from the firm.

UBS is bringing on board a hybrid capital specialist from Deutsche Bank in a bid to cement and grow its league table standings in European bank capital issuance.

MIE Holdings was quick to open the books for its third dollar bond, launching a five year non call three on Tuesday, after receiving a strong response from investors.

The late week recovery in the FIG market continued on Friday, with La Banque Postale drawing strong interest for its tier two capital bond.

Taiwanese silicon wafer fabrication firm Inotera Memories has hired three banks to work on its global depository receipt transaction, which could be worth up to NT$12bn ($367m).

Industrial Bank of Korea priced its $300m global depositary receipt offering almost a week before schedule, on the evening of April 11, as reverse interest was already sufficient to cover the trade.

Aluminum Corporation of China raised $400m on Thursday night with its second dollar perpetual bond after upsizing from a $200m-$300m target size as investors responded enthusiastically to the bond’s shorter call date.

Industrial Bank of Korea has launched a $303m global depositary receipt offering, to be listed on the Luxembourg Stock Exchange, with a view to pricing on the evening of April 11.

The family shareholders of Greek flag carrier Aegean Airlines on Wednesday night satiated emerging markets investors looking for diversity with a sale of 8% of the company that increased the free float by 50%.

On Thursday UBS issued its first covered bond since January 2012, capitalising on market momentum created by the Lloyds trade on Wednesday, which was the same size, tenor and rating.

Dutch SME lender NIBC Bank postponed a possible Swiss franc deal this week, with investors reluctant to participate. However, Zurich based syndicate bankers were sanguine on the possibility of a return to the Swiss franc market in the near future for the issuer.

French lender BPCE is set to sell its debut Kangaroo bond on Friday in what will also be its first foray to the public Aussie dollar market. The issuer is likely to benefit from a lack of competing supply from Australian lenders and good recent demand for European banks.