Americas
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Peruvian power transmission company Transmantaro beat pricing expectations on Thursday, as it clinched a $400m green bond that hit the sweet spot for duration, provenance and credit quality. -
Investors in steel producer Companhia Siderúrgica Nacional appear to care far more about the company’s ability to push out $1bn of imminent debt maturities than pricing intricacies. The Brazilian issuer had a far better time in primary markets on Wednesday than on its last outing.
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International bond investors have admitted to being impressed at the market’s capacity to absorb local currency paper after Peruvian conglomerate Alicorp sold the second global sol bond in the space of a week.
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The Republic of Panama sold local bonds to international investors for the first time on Wednesday as it looks to deepen its domestic debt markets.
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Sentiment in the dollar corporate bond market remained upbeat this week, even after jumbo deals from Broadcom and Saudi Aramco traded softly.
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The new World Bank president used his first public statement to pledge to increase efforts to ensure China was more transparent in its lending to Africa.
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Some big, highly rated US companies have in the last few months begun to negotiate 'holidays' from their credit support annexes - the arrangements with banks that protect both sides when they engage in derivatives transactions.
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Nomura’s growth plan in its latest restructuring depends on sweeping away regional fiefdoms while finding greater consistency. History suggests this could be a tall order, writes David Rothnie.
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Guy Gibson is becoming global head of institutional brokerage at Northern Trust.
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James Forese is leaving his position as CEO of Citigroup’s institutional clients group. He will be replaced by Paco Ybarra, his deputy. The CEO of Asia Pacific is also leaving.
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This week the US Federal Reserve side-stepped the question of whether it should apply new liquidity and capital rules to the US branches of foreign banks, publishing proposals that instead focused on tailoring requirements for their intermediate holding companies (IHCs).
