Americas

Colombia made its usual January bond market outing on Tuesday, unperturbed by protests across the country and capturing strong demand despite some indications of worry about the long-term fiscal picture.

Midea Group Co became the second Chinese company to be removed from the MSCI China All Shares Indexes and the MSCI Global Standard Indexes after its foreign ownership reached 28%.

Chinese biopharmaceutical company Zai Lab has kicked off a follow-on offering of its American Depository Shares. It is aiming to raise around $300m.

Mexican bottling company Coca-Cola Femsa has defined the buy-back price of its 2023 senior unsecured bonds as it looks to mop up some outstanding debt.

CPPIB Capital achieved a strong reception from investors for its first sterling bond on Monday with the order book setting a new record as the largest in the currency from a non-UK public sector borrower.

Debt investors are forecasting a rise in corporate spreads and in the yields of both US Treasuries and German Bunds over the coming months, according to a survey.

More companies are exploring the possibility of passing into public ownership through a process known as a "reverse merger" rather through an initial public offering, according to senior equity capital markets lawyers.

The Republic of Chile has mandated banks to arrange its second euro green bond offering, as well as launching a tender offer of outstanding euro debt.

Chinese co-living platform Phoenix Tree priced its US listing below the initial marketed range and reduced the size of its IPO, raising $129.6m. Its stock had a volatile start to trading last Friday.

Ecuador raised $400m of funding for social housing at a lower cost than its conventional curve thanks to an innovative tranched structure that also offered junior bondholders the chance to gain some extra pick-up with exposure to one of the highest paying sovereigns in Latin America.

Colombian holding company Grupo Aval could return to bond markets for the first time in eight years after mandating banks to manage investor meetings.

Brazilian steel producer Companhia Siderúrgica Nacional (CSN) will continue its focus on addressing short-term debt maturities with a proposed benchmark that it wants to use to fund a tender for bonds maturing in July.