UBS

Investors sank their teeth into tier two FIG debt this week, with insurance company NN Group, BBVA and NordLB each hitting the market in an otherwise quiet few days for the market, compared to recent weeks.

French financials BPCE and Crédit Agricole took to the Swiss franc market this week to sell new seven year deals. Both trades were able to grow well beyond minimum targets, highlighting the strength of demand from Swiss investors for strongly rated banks remains high.

Two members of the private equity consortium that owns Rexel sold shares in the French electrical supplies firm on Wednesday night, leaving only one member of the consortium with a holding.

Banco Popular Español (BPE) issued the third Cédulas of 2014 and at €1bn, the issuer’s largest covered bond in three years. Though it was by no means the most attractive spread this year it was less than half the average of its previous three deals.

Dutch shop focused property firm Vastned raised €110m through a 2019 convertible bond on Thursday, bringing yet more supply from the real estate sector but pricing its deal tightly in a market otherwise starved of paper.

Dutch shop focused property firm Vastned raised €110m through a 2019 convertible bond on Thursday, bringing yet more supply from the real estate sector but pricing its deal tightly in a market otherwise starved of paper.

Two members of the private equity consortium that owns Rexel sold shares in the French electrical supplies firm on Wednesday night, leaving only one member of the consortium with a holding.

Swiss fasteners and fittings firm SFS launched a $600m IPO on Thursday. Bankers said investors should look beyond the company's unexciting business sector and instead revel in the firm's network of global relationships.

A shareholder of German optical engineering firm Jenoptik raised €58m through a quickly-placed sale of the company's shares on Wednesday evening.

The world’s largest pork processing company has launched its jumbo IPO with a 28-strong syndicate. The size of the group has attracted plenty of comment in the market, but even bankers on the deal concede that it could lead to disagreements, particularly as the valuations of comparables are so diverse.

China Merchants Holdings International will offer HK$15.3bn ($1.97bn) worth of mandatory convertible securities to its existing shareholders in a deal that could improve the company's credit rating.

UBS has appointed Paul Au and Patrick Liu as co-heads of Asia DCM, finally filling a role left empty by the departure of Guy Wylie in June 2012.