UBS

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.

The sporting world has been hit by many a betting scandal over the last few years but they are all dwarfed by the latest disgrace to hit horse racing, Leak can reveal.

MOVES IN BRIEF

One of the most anticipated ECM deals of the year fell victim to weakening sentiment across the market on Wednesday night, as much of Bankia’s sale of all of its Iberdrola shares was left with the deal’s bookrunners.

Beijing-based iKang Healthcare Group priced its $153m Nasdaq listing at the top of the range this week, as investors jumped at the chance to gain exposure to one of the fastest growing industries in China.

Beijing based pork processing company WH Group opened books for its $5.31bn Hong Kong IPO on Thursday and will take bids until April 22.