UBS snares sole mandate for Bank of Ceylon bond

Bank of Ceylon prices $500 million bond, helping UBS to move up the league table.

UBS snares sole mandate for Bank of Ceylon bond
Bank of Ceylon's iconic cylindrical headquarters in Colombo

Bank of Ceylon on Monday night priced a $500 million five-year bond that was arranged by UBS, a rare sole led trade out of Asia.

The deal is expected to propel UBS up the league tables. At the end of last week, the Swiss bank was placed fourth in the G3 league tables for Asia behind Citi, Standard Chartered and HSBC, according to Dealogic. Meanwhile, it is placed second in the G3...

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