UBS

Hong Kong property company New World Development Co used a fixed-for-life perpetual structure to net $700m on Wednesday.

Investors took a long-term view on Hong Kong Airport Authority’s $1.5bn perpetual bond on Tuesday, shrugging off any Covid-19 related travel concerns to place $14.5bn of orders. Morgan Davis reports.

Hong Kong's Airport Authority proved that Covid-19 related travel worries are of little concern for its dollar bond investors. The issuer attracted a final order book of $14.5bn for its $1.5bn dual-tranche deal on Tuesday.

Four Chinese borrowers hit the dollar bond market on Tuesday, raising $745m between them.

JD Health International has raised HK$27bn ($3.5bn) after sealing its IPO at the top end of the marketed range, following a flood of global investor demand.

Ed Mulderrig has been appointed head of European debt syndicate at UBS, the latest in a series of changes to the responsibilities of the firm's senior debt capital markets bankers.

Dexin China Holdings Co has worked hard to court bond investors and establish its name this year. The move paid off on Thursday, when the issuer grabbed its first single digit bond coupon.

JD Health International is set to close the international investor book for its up-to HK$27bn ($3.5bn) IPO a day early, according to a source familiar with matter.

Evergrande Property Services Group, the property management arm of one China’s most debt-laden developers, wrapped up its IPO toward the bottom of price guidance after relying largely on Chinese investors.

European banks are running out of ways of selling senior bonds at positive yields. A near-miss from Svenska Handelsbanken this week was enough to convince the market that it’s only a matter of time before an issuer breaks the 0% barrier, write Tyler Davies and Frank Jackman.

Rating: A3/A/AA

MSCI picks up Nick Mihic — Algomi co-founder Stuart Taylor joins MUFG — Vinod Vasan changes roles at UBS