UBS

The concessionaire on a 50km toll road in Kingston, Jamaica will begin meeting fixed income investors on Friday ahead of an international bond deal, as bankers say rarer issuers are likely to dominate supply for the foreseeable future.

JP Morgan has hired William Vereker, former global co-head of investment banking at UBS and business envoy to former UK prime minister Theresa May, to be vice-chairman for investment banking in Europe, the Middle East and Africa.

Development Bank of Kazakhstan (DBK) is embarking on a roadshow to market a tenge-denominated Eurobond.

Shane Edwards, former global head of solutions and structuring and global head of equity derivatives at UBS, has joined Diginex, a digital asset firm.

Austrian sensor maker AMS said on Tuesday that it intended to sell all its treasury shares, ahead of its looming €1.64bn rights issue to finance its takeover of Osram Licht, the German lighting manufacturer.

Records tumbled in the US bond market this week, as Bank of America and Toronto Dominion set new pricing records.

Eight financial institutions combined to raise €6.25bn of senior funding in the euro market this week, with supply volumes expected to drop off briefly for earnings season before ramping back up again in early February.

Three CEE banks announced new bond issues this week. Armenia's Ardshinbank has printed a $300m five year bond, Credit Bank of Moscow sold a $600m five year and Sovcombank, another Russian bank, has released plans for a roadshow.

Credit Bank of Moscow sold its $600m five year bond “flat to the curve” on Wednesday, according to a syndicate official on the deal.

There was a burst of activity from Chinese pharmaceutical and biotechnology companies in the equity capital markets this week, as the sector took centre stage following the spread of a flu-like virus that has already claimed lives on the mainland. Jonathan Breen reports.

Sino Biopharmaceutical issued a zero coupon convertible bond on Wednesday, boosting the size to €750m as demand poured in from across Asia, Europe and the US, according to multiple sources close to the deal.

Hengda Real Estate Group Co, a subsidiary of China Evergrande Group, raised $4bn across two tranches on Tuesday, just days after Evergrande nabbed $2bn from another bond sale.