Americas

Peru plans to return to its pre-pandemic strategy of focussing raising its funding from local currency markets, said the country’s director of public treasury after the sovereign became the fourth Latin American sovereign to sell a century bond on Monday as part of a $4bn deal.

Stuart Taylor, who helped set up bond market data business Algomi, has joined MUFG's global markets business as head of electronic trading.

Ozon, the Russian e-commerce company, completed its IPO on the Nasdaq on Tuesday having built a huge order book for the stock.

Singapore-based Tiga Acquisition Corp has raised $240m after increasing the size of its New York Stock Exchange IPO.

Peru grabbed the bond market’s attention on Monday with a $4bn triple-tranche issue including a 100 year bond despite the country being on its third president this month. But the country’s public treasury director said it was the all-in yield, not the desire to make headlines, that drove Peru to become the fourth Latin American borrower ever to sell a century bond.

Peru will become the fourth Latin American borrower to issue a century bond on Monday, selling a triple-tranche dollar issue including a 100-year bond despite the fact that the the country is on its third president this month.

International investors have remained sanguine about the chances of a restructuring of Bolivia’s sovereign bonds even after the finance minister said the recently elected government was seeking payment relief on some external debt.

Julio Velarde, the governor of the central bank of Peru (BCRP), insisted that the country had broad access to international financial markets as the sovereign’s bond spreads more than recovered the ground lost during recent political volatility.

This week in Keeping Tabs: US treasury secretary Steven Mnuchin asks the Fed to give back emergency funding, bond markets prove their real worth, and why Brexit negotiators need to realise that English isn’t the only language.

Suriname could be running out of time to avoid default via a consent solicitation designed to grant it a debt standstill, even as bondholders praised the sovereign’s approach to discussions.

Chinese cosmetics company Yatsen Holdings saw its shares spike 75% on their New York Stock Exchange debut on Thursday, after the firm priced its IPO at the top of the marketed range.

Chinese housing-related platform operator Ke Holdings has raised $2.05bn from a fresh follow-on offering of its New York-listed shares, returning to the equity market less than three months after its IPO.