UBS
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Tommy Sagi, the founder of Playtech, raised £326m on Tuesday night as he began to sell his stake in the UK-based online gaming firm. The deal priced at a wide discount, as investors were split over whether Sagi's exit would help or hinder the firm.
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Investors have put in nearly €45bn of orders across three new additional tier one deals, in a week that has seen numerous records in the asset class broken. The activity was variously described by bankers as a “bonanza” with “no end in sight” for demand, causing both excitement and a tinge of bewilderment among market pros.
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Bank of America Merrill Lynch’s James Fleming has stepped down from his role as co-head of Asia Pacific global capital markets to take up a new post running equity capital markets in the UK.
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A nearly ten times subscribed book for ASM Pacific Technology’s HK$2.4bn ($309m) 2019 convertible bond showed that investors remain keen to get their hands on equity-linked product in what is the second transaction in the span of two days.
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The private equity owners of Netherlands-based Brit Insurance launched a £250m IPO on Tuesday, hoping that the firm can break free of investor concerns around the sector.
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UBS has begun marketing capped outperformance certificates, also known as speeders, on the Eurostoxx Banks index. The issuance comes as the index continues to see upside call option flow as investors look to take advantage of the outperformance of eurozone banks.
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Nationwide Building Society opened the frontier for sterling denominated additional tier one debt, with demand indicating the currency could provide as natural a home for AT1 as euros or dollars.
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Malaysia Airports Holdings raised MR980m ($299m) via an accelerated bookbuild on Monday as it looks to put the finishing touch to its acquisition of a controlling stake in Turkey’s Istanbul Sabiha Gokcen International Airport.
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Beijing based iKang Healthcare Group filed for a $150m Nasdaq IPO on Monday as the list of Chinese companies looking to tap the US equities market for funding continues to grow.
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Danish outsourcing firm, ISS launched bookbuilding on its Dkr8.1bn ($1.5bn) IPO on Monday, hoping that a chunky discount to peers will help it avoid the difficulties of previous attempts.
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Pork processor Shuanghui International’s $6bn Hong Kong IPO is now likely to come in April, according to a banker close to the trade.
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Brazilian lender Banco Safra sold its debut Swiss franc deal on Thursday. A strong response from investors allowed the bank to sell the largest deal in the currency from a LatAm financial.