UBS snares sole mandate for Bank of Ceylon bond

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 high-yield league tables, just slightly behind HSBC, which has a market share of 16.3%, having raised $2.69 billion. UBS is just slightly shy of that, having raised $2.65 billion with a 16% market share....