UBS
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Hong Kong’s Securities and Futures Commission has hit UBS and its securities unit with a combined HK$11.55m ($1.5m) in fines for regulatory breaches. -
Korea Midland Power Co steered its $300m bond through tough market conditions on Monday, having little option but to offer investors a premium to ensure decent secondary performance of its notes.
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US-listed hybrid electric vehicle maker Li Auto has hit the road for its Hong Kong secondary listing. The deal could raise around HK$13.1bn ($1.68bn) based on the last close of its US stock.
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JP Morgan has topped up its expertise in shareholder activism in EMEA with the appointment of Darren Novak, a veteran of the discipline who previously worked at UBS, as head of shareholder engagement and M&A capital markets (SEAMAC) for the region.
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Fujian Yango Group Co has sold a $250m bond as part of a liability management exercise.
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Hybrid electric vehicle maker Li Auto received the go ahead from Hong Kong’s stock exchange for a secondary listing.
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India’s largest ever leveraged buyout loan, tied to Blackstone’s stake purchase in IT services company Mphasis, is in the market, after inviting a wide group of banks to participate in general syndication.
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Terminal X Online Ltd, the Israeli fashion e-commerce company, is due to price its IPO at Ish11.42 a share, the top of the initial range, valuing the company at Ish1.3bn ($390m) on a post-money basis.
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Philippine property developer Filinvest Land has set the final price for its real estate investment trust (Reit) IPO.
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Borrowers from Greater China rolled out five new bonds on Wednesday to raise more than $2bn between them.
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The IPO of Terminal X Online Ltd, the Israeli fashion e-commerce company, is covered following less than a day of bookbuilding, according to a source close to the transaction.
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UBS opened the European bank earnings season on Tuesday with a strong set of results from its M&A and capital markets businesses, which CEO Ralph Hamers seized as an opportunity to play up the importance of talented bankers over the generous application of balance sheet.
