Americas

Pension Insurance Corporation (PIC) published a report on Thursday making the case for institutional investment into UK social housing. The sector has come under pressure from falls in government funding and the increasing costs of developing new homes. Capital from the insurance sector could provide a valve, PIC claims.

The US corporate bond market had no high grade new issues in the run-up to the Thanksgiving holiday but the return of big ticket mergers and acquisitions has raised bankers spirits for 2020.

As Latin America's international bond markets took an extended break for the US Thanksgiving holiday, a Brazilian lender is set to give investors more food for thought in December with a senior unsecured issue.

Bank of Nova Scotia returned to the sterling market for the first time in more than a year on Wednesday, when it sold its first total loss-absorbing capacity (TLAC) compliant senior bonds in the currency a day after reporting its full year results.

Surging equity markets and a spate of strong block sales have given equity investors a boost as they approach the end of the year.

Colombia’s largest lender, Bancolombia, became the second Latin America bank in two days to announce new issue plans on Tuesday. Similar deals could follow, say DCM bankers.

Economies like Canada and Australia that rely upon carbon dioxide-heavy industries are well placed for establishing transition bonds in the SSA market. Having already blazed the trail for green bonds and new risk-free rate linked paper, it is time for SSA issuers to establish transition bonds as a public sector instrument.

HSBC’s anticipated cuts to its global banking and markets (GBM) division may make sense. But they will not be easy to pull off smoothly.

Mexican polyethylene producer Braskem Idesa clinched a debut bond issue on Monday, as potential positive credit triggers and highly attractive pricing outweighed doubts regarding a supply contract with Pemex.

Brazilian investment bank BTG Pactual will begin fixed income investor meetings on Wednesday ahead of a proposed senior unsecured bond that market participants expect will be well received.

US regulators are taking slow steps towards accepting that climate change is a financial risk, but progress is being made. Appointments have been made to a CFTC committee created to better understand climate-related market risks and one of the members is Mindy Lubber, chief executive of sustainability organisation Ceres. She told GlobalCapital her organisation is working to prepare for a new, green-minded president.

Barbados is on the brink of completing an 18 month long debt restructuring after bondholders supported an exchange offer that the government said will cancel $200m of debt.