Tag: ubs

The government's sell-down in the country's largest iron ore miner will boost the free-float to 10%, but valuation multiples suggest it could be a tough sell. An existing shareholder sells $422 million worth of shares in Tata Motors, while Exide Industries completes a $119 million QIP. Meanwhile, in Hong Kong, Zhongsheng prepares to ... The 5.5-year issue is priced at the tight end of guidance after attracting $2.7 billion of demand. UBS appoints Guy Wylie to lead its Asia debt capital markets team and combines its debt origination business within DCM. A former head of TMT at UBS, Roth takes on a new role as head of Asia general industries at Deutsche, rejoining his former boss who is now Asia-Pacific CEO at the German bank. Barclays Wealth hires Vikram Malhotra and two others from UBS, bringing to a dozen the number of senior bankers the British bank has poached from UBS in the past six months. Despite volatile markets in Europe and the US, nine bond issuers came to market in Asia last week, including Noble, Chandra Asri, New World, KDB and Star Energy. But Bank of ... The deal is upsized by more than 50%, allowing the former chairman to raise about $600 million in his first sell-down in three years. Private banker Vinay Gandhi leaves J.P. Morgan for UBS only weeks after he joined from Deutsche Bank. The Swiss boutique private bank poaches UBS Wealth Management's Asia chief investment strategist as its regional co-head of investment solutions and deputy CIO. UBS has further strengthened its ultra-high-net-worth business in South Asia with the appointment of Reto Marx as managing director and ultra-high-net-worth country team head. FinanceAsia speaks to the winner of our credit analyst poll, Edwin Chan from UBS, about trends and strategies for Asian bonds. The property developer blames market conditions for the withdrawal of its IPO, which had been due to price last Friday. CPIC sets price range at discount to Hong Kong comps and its current A-share price, while Rusal hopes for a listing approval that will allow it to go ahead with its $2 billion ... The Chinese wind power company prices its Hong Kong IPO at the top to raise $2.3 billion. Fatigue for property stocks appears to spread as Sunac offers its shares at less than five times next year's earnings at the bottom of the range, and Kaisa's IPO is only about ... The senior debt capital markets banker decides to tie his fortunes to Bank of America Merrill Lynch rather than UBS. The flow of Chinese IPOs continues unabated as Tianjin-based Sunac starts pre-marketing two days after another Chinese property company, Kaisa Group, launches its IPO roadshow. Richard King moves to UBS as part of the China coverage team with a focus on real estate. He previously covered Hong Kong conglomerates and real estate at Nomura. The company attracts good interest as an alternative way for investors to tap into China's construction story.