UBS

Beijing based iKang Healthcare Group opened books for its $153m Nasdaq listing on Wednesday offering investors exposure to one of the fastest growing industries in China.

Syngenta, the Swiss agricultural chemicals group, followed yesterday's €750m euro bond hit with a Swiss franc deal today, storming through a triple tranche syndication on Tuesday afternoon.

mBank closed a successful €500m five year bond this week. The issuer trades too tight for some emerging market accounts and is not a natural choice for investment grade buyers. But it drew enough demand from both groups to price an oversubscribed bond with only a minimal new issue premium.

Phil Allison, head of EMEA equities and head of global cash equities, has left the bank, according to an internal announcement seen by GlobalCapital.

Three financials are looking to retest the market’s appetite for additional tier one deals, after a two week hiatus for the asset class that has seen spreads on recent AT1 bonds widen, raising the question of whether the next round of trades will enjoy the stellar primary market successes of their peers.

Joseph Chee, Asia head of global capital markets at UBS, has returned to work after he was placed on a leave of absence in February, ahead of an internal enquiry into hiring practices.

China Construction Bank (Asia) is looking to make its US dollar debut with a three year offering. The deal comes just less than three weeks after the issuer raised Rmb4bn ($650m) in its maiden dim sum offering that was also its first ever issue.

The Co-Operative Bank will turn to its existing shareholders to raise an extra £400m in an emergency cash call that will keep the bank from looking to the public equity markets.

Advent International, Danish pension fund ATP and Bain Capital have agreed the latest leveraged buyout in Europe. The consortium is buying Nets, a Danish provider of payments, information and digital identity solutions, for Dkr17bn (€2.3bn) with leverage of seven times Ebitda.

Polish financial mBank started execution on a senior unsecured bond on Monday morning. The Commerzbank subsidiary is aiming to attract investment grade and EM investors into the deal, it's first since a rebranding late last year. But the outlook for more traditional CEEMEA supply was uncertain, said debt bankers.

The first Italian additional tier one capital issue could be very close, as bank capital specialists prepare for the new product's next phase of growth after a two week hiatus.

Royal Bank of Scotland returned to the funding markets late last week for its first standalone bond issue since 2008.