UBS

The head of fixed income syndicate for the Americas at UBS has left the bank to join a Canadian rival.

Industrial Bank of Korea priced its $300m global depositary receipt offering on Friday, almost a week ahead of schedule, with reverse enquiries sufficient to cover the trade.

Bank of Communications opened the books for a five year deal on Wednesday morning in the the second issue that will be made through its offshore special purpose vehicle Azure Orbit International Finance.

Aluminum Corporation of China last week raised $400m with its second dollar perpetual bond. The deal was increased from a $200m-$300m target as investors responded enthusiastically to the bond’s shorter call date.

State Grid Corp of China will meet with investors next week, as it looks to make a return to the dollar market following its last deal, a $2bn triple trancher in May 2013.

MIE Holdings priced a $500m bond on Tuesday night to redeem an existing bond that will be called in May. A substantial anchor presence in the order book built a solid foundation for the 144A/Reg S transaction, which managed to print slightly inside the issuer's existing curve.

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

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).