Americas

Brazilian government-owned oil company Petrobras will repurchase nearly half of its 2023s after wrapping up the first stage of a tender offer that could total $4.5bn.

After several weeks of speculation among DCM bankers as to why it had not issued, Brazil’s government finally announced a new 10 year trade on Thursday to keep up the momentum in the Latin American new issue markets.

Barclays is under pressure from activist investor Edward Bramson to slim down its investment bank. But among top European IBs, it made the second highest amount of revenue in Europe, the Middle East and Africa in 2018, according to new research. The results were less promising for Deutsche Bank, however.

Bankers expressed concerns about widening high-grade spreads after the Federal Reserve this week completed its u-turn on monetary policy by signalling it will refrain from raising interest rates for the rest of the year.

TD Securities has hired a senior corporate bond syndicator in New York following the departure of another banker who left to rejoin his old firm, Deutsche Bank.

Deutsche Bank has added two senior bankers to its Americas debt syndicate desk in New York as it looks to build on a strong start to the year in investment grade DCM.

Swiss franc investors leapt headlong into the Brexit turbulence on Thursday morning, giving a solid reception to the first Swissie deal of the year from a UK corporate borrower.

US President Donald Trump’s nominee for head of the World Bank, David Malpass, will be examined by the bank’s executive directors on Monday, GlobalCapital can reveal. By Phil Thornton.

UP Fintech raised $104m from its Nasdaq IPO this week after pricing its float above the initial marketing range.

Brazilian airline Gol Linhas Aéreas Inteligentes is set to price a rare exchangeable bond on Thursday, two business days ahead of schedule, after demand arrived faster than expected, GlobalCapital understands.

Some investors are beginning to fear that the rally in emerging markets is running out of rope. Threats to Chinese growth could carry over and damage the prospects of emerging markets economies, according to Jupiter Asset Management.

In this round-up China’s new Foreign Investment Law is tipped to spark a wave of capital inflows, the US and China attack each other’s human rights records, Bank of China (BOC) expects onshore bond yields to fall but offshore ones to stabilise