Americas

Nueva Elektra del Milenio, the company that operates the retail store and money transfer businesses of Mexico’s Grupo Elektra, will begin virtual meetings with bond investors on Wednesday as it looks to sell a senior secured bond collateralised by remittance flows originated in the US.

Craig Meisner, the former head of loan markets for Lloyds Banking Group for North America, has landed a new job at ING Capital.

Brazilian bank BTG Pactual became the third Latin American issuer to announce plans to issue ESG-related debt this year after it mandated for a potential senior unsecured green bond.

Cancelling debt, dual interest rates, helicopter money: if the recovery from the coronavirus crisis stalls in the developed world, we will see calls for more radical central bank action.

Political turmoil in the US led to the country's stock markets falling on the first trading day of 2021 on Monday. For Europe’s equity bankers the US markets are an important marker of global investor sentiment, meaning the next few days in US politics will determine what accelerated placements they can bring to market in Europe.

Société Générale has hired Stephane About from Natixis, where he held a senior role in the Corporate and Investment Bank.

The New York Stock Exchange has dropped plans to delist the stocks of China Mobile, China Telecom Corp and China Unicom (Hong Kong).

Chinese clinical-stage company Gracell Biotechnologies has kicked off the roadshow for its Nasdaq listing, eyeing up to $158.9m in proceeds.

Mexico reopened the international bond market for EM borrowers on Monday by issuing the first Formosa bond from a Latin American sovereign in response to interest from Asian investors.

Brazil paper company Klabin began calls with investors on Monday as it looks to become the second Brazilian company to sell a sustainability-linked bond. The size of the potential coupon step-up differs depending on which of three sustainability performance indicators Klabin might fail to meet.

Banco Santander has become the 14th primary dealer in the domestic Colombian government bond market, said the finance ministry, representing the first expansion of the sovereign’s market makers since 2016.

Latin America’s largest e-commerce company, MercadoLibre, has mandated five banks ahead of a debut bond offering that will include one tranche of sustainable bonds.